Renasant Corporation to Acquire Commercial Holding Company in $142 Million Deal

Under the terms of the merger, Commercial shareholders will receive 0.8798 shares of Renasant common stock for each share they hold, totaling around 2.64 million shares of Renasant stock. Additionally, before the merger closes, Commercial will distribute a special cash dividend of about $35.7 million to its shareholders. The transaction value is based on Renasant’s average closing stock price of $40.29 as of October 26, 2026.

Following the merger, Commercial Bank will be integrated into Renasant Bank. Both companies' boards of directors have unanimously approved the deal, which is expected to finalize in the first quarter of 2027, pending regulatory approvals and Commercial shareholders’ consent.

Commercial Bank, headquartered in Paris, Tennessee, has been operational since 1877 and manages nine branches across West Tennessee, including in Union City, Jackson, and Memphis. As of September 30, 2026, it reported total assets of approximately $1.1 billion, total loans of $648 million, and total deposits of $983 million. Its trust and wealth management division oversees about $1.2 billion in assets.

Once completed, the merger will create a banking franchise in the Southeastern region with approximately $28.6 billion in total assets, $20.4 billion in total loans, and $22.6 billion in total deposits. The combined entity will operate 28 branches in Tennessee, managing about $2.6 billion in deposits.

Kevin Chapman, Renasant's President and CEO, emphasized the shared values of community service, noting, "This partnership strengthens our presence in Memphis and provides solid, long-tenured deposit and wealth relationships throughout West Tennessee. We look forward to welcoming Commercial Bank's employees, customers, and shareholders to Renasant and to building on the foundation that Mott and his team have established."