Renasant Corp

#3706

Rank

$3.66B

Marketcap

United States

Country

Leadership team

Mr. Edward Robinson McGraw (Exec. Chairman)

Mr. C. Mitchell Waycaster (Pres, CEO & Director)

Mr. James C. Mabry IV (Sr. Exec. VP & CFO)

Products/ Services

Banking, Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Tupelo, Mississippi, United States

Established

1904

Company Registration

SEC CIK number: 0000715072

Net Income

100M - 500M

Revenue

500M - 1B

Traded as

RNST

Social Media

URL

https://investors.renasant.com

Overview

Location

Recognition and Award

References

Summary

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate?1-4 family mortgage; real estate?commercial mortgage; real estate?construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

History

Renasant began as The Peoples Bank and Trust Company in 1904. Throughout the 1980s and 1990s the bank grew by acquiring small local banks in Mississippi. In 2005, it acquired Heritage Bank of Decatur, Alabama, and Renasant Bancshares of Memphis, Tennessee and assumed the new Renasant Bank moniker. In 2007, Renasant acquired Capital Bank of Nashville, Tennessee. In 2010, as part of the financial crisis, it acquired the failed Crescent Bank and Trust of Jasper, Georgia and later the American Trust Bank of Roswell, Georgia, both suburban Atlanta banks. Additional acquisitions followed in the 2010s, Merchants and Farmers Bank of Kosciusko, Mississippi in 2013, Heritage Bank of the South in Albany, Georgia, in 2015, and Keyworth Bank of Johns Creek, Georgia. In the third quarter of 2018, Renasant acquired BrandBank of Lawrenceville, Georgia, adding 13 more locations.

Mission

To provide quality financial services and advice by: Understanding, then meeting the needs of our clients Providing optimal return to our shareholders Creating security and opportunity for our employees Being good citizens in our communities

Vision

The vision of Renasant Corporation is to be the preferred provider of financial services in each of the markets we serve.

Key Team

Mr. Kevin D. Chapman (Sr. Exec. VP & COO)

Mr. Curtis J. Perry (Exec. VP & Chief Corp. Banking Officer)

Mr. Mark W. Jeanfreau (Sr. EVP, Chief Governance Officer, Gen. Counsel & Sec.)

Mr. John Sterling Oxford (Sr. VP and Director of Marketing & PR)

Ms. Kelly W. Hutcheson (Exec. VP & Chief Accounting Officer)

Mr. Stuart R. Johnson (Exec. VP)

Mr. James W. Gray (Exec. VP)

Recognition and Awards

Renasant has earned several awards for their commitment to responsible financial practices, such as being named as one of the World's Most Ethical Companies by Fortune in 2020 and being selected as America's Top Corporations for Women's Business Enterprises for 2019.