Renasant Corporation to Acquire Commercial Holding Company
Key Highlights
- ➤Renasant (RNST) to acquire Commercial for approximately $142 million
- ➤Commercial shareholders receive 0.8798 Renasant shares per share, plus $35.7 million special dividend
- ➤Transaction expected to close in Q1 2027, pending regulatory and Commercial shareholder approvals
- ➤Combined company will have approximately $28.6 billion in total assets
- ➤Commercial Bank brings $1.2 billion in trust and wealth management assets under management
Expert Statements
Kevin Chapman, President and CEO of Renasant
“For nearly 150 years, Commercial Bank has built a reputation across West Tennessee for exceptional service and deep community relationships – values that are central to who we are at Renasant”
Kevin Chapman, President and CEO of Renasant
“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.”
Roy Molitor “Mott” Ford, Jr., Chairman and Chief Executive Officer of Commercial
“For generations, Commercial Bank & Trust has been committed to the people, families and businesses of West Tennessee. As our board considered the best path forward for our shareholders, associates and customers, Renasant stood out as the right partner – a relationship-driven Southeastern bank whose culture mirrors our own, with the products, capabilities and balance sheet to serve our customers as they grow.”
Roy Molitor “Mott” Ford, Jr., Chairman and Chief Executive Officer of Commercial
“We are excited for our customers, associates and shareholders to experience our next chapter as part of Renasant.”
TUPELO, Miss., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (“Renasant”) and Commercial Holding Company (“Commercial”), the parent company of Commercial Bank & Trust Company (“Commercial Bank”), jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which Commercial will merge with and into Renasant (the “Merger”). Under the terms of the merger agreement, Commercial shareholders will receive 0.8798 shares of Renasant common stock for each share of Commercial common stock, or approximately 2.64 million shares of Renasant common stock in the aggregate. Coupled with a special cash dividend of approximately $35.7 million to be paid by Commercial to its shareholders prior to closing, the aggregate transaction value is approximately $142 million, based on the RNST 10-day average closing price of $40.29 as of October 26, 2026. Immediately following the Merger, Commercial Bank will merge with and into Renasant Bank. The Merger has been unanimously approved by each company’s board of directors and is expected to close in the first quarter of 2027. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of Commercial shareholders.
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