Renasant agrees to acquire Commercial Holding for $142 million
Bitget2026/10/27 20:53- 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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