Mergers & Acquisitions ·
Renasant agrees to acquire Commercial Holding for $142M in stock and cash
RNSTRenasant Corp
Renasant Corporation entered into a definitive merger agreement to acquire Commercial Holding Company, Inc., expanding its West Tennessee franchise with approximately $900 million in low-cost core deposits. Under the terms of the deal, Commercial shareholders will receive 0.8798 shares of Renasant common stock for each share held, plus an expected special cash dividend of approximately $35.7 million prior to closing. The aggregate transaction value is approximately $142 million based on Renasant's recent average stock price. The merger requires approval from Commercial shareholders and regulatory bodies, including the Federal Reserve, with a targeted close in the first quarter of 2027. Renasant Corporation operates as a financial services institution providing banking, lending, mortgage, and wealth management services throughout the Southeast.