Renasant Corporation to Acquire Commercial Holding Company
Renasant Corporation agreed to acquire Commercial Holding Company, parent of Commercial Bank & Trust, in an all-stock merger valued at approximately $142 million. Commercial shareholders will receive 0.8798 RNST shares per share (about 2.64 million shares in aggregate) plus an approximately $35.7 million special cash dividend paid by Commercial before closing. The deal adds roughly $1.1 billion in assets, $648 million in loans, and $983 million in deposits, lifting Renasant to about $28.6 billion in total assets. The merger was unanimously approved by both boards and is expected to close in Q1 2027, pending regulatory approvals and Commercial shareholder approval.
Key figures
- Deal Value Usd
- 142000000
- Shares Offered
- 2640000
- Exchange ratio
- 0.8798 RNST shares per Commercial share
- Expected close
- Q1 2027
- Target aua wealth
- $1.2 billion
- Target total loans
- $648 million
- Target total assets
- $1.1 billion
- Combined total loans
- $20.4 billion
- Rnst 10day avg price
- 40.29
- Combined total assets
- $28.6 billion
- Special cash dividend
- $35.7 million
- Target total deposits
- $983 million
- Combined total deposits
- $22.6 billion
AI analysis
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