Renasant agrees to acquire Commercial Holding for $142 million

By Public Technologies20:53 (UTC), 27 October 2026 Updated

Renasant will acquire Commercial Holding, parent of Tennessee-based Commercial Bank & Trust, in a transaction valued at approximately $142 million.
Commercial shareholders will receive 0.8798 shares of Renasant common stock per share, with a $35.7 million special cash dividend before closing.
The valuation uses a $40.29 average closing share price over the 10 days through October 26, 2026.
Closing is expected in the first quarter of 2027, subject to regulatory and Commercial shareholder approvals.
The combined bank will have approximately $28.6 billion in assets, with 28 Tennessee branches holding approximately $2.6 billion in deposits.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Renasant Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610271631PRIMZONEFULLFEED9854375) on October 27, 2026, and is solely responsible for the information contained therein.