Renasant agrees to acquire Commercial Holding for $142 million
RNST•Renasant will acquire Commercial Holding, parent of Commercial Bank & Trust, in a transaction valued at approximately $142 million. Commercial shareholders will receive 0.8798 Renasant shares per share and a $35.7 million special cash dividend before closing.
1. Deal terms
The transaction’s 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.
2. Combined bank
The combined bank will have approximately $28.6 billion in assets. Its 28 Tennessee branches will hold approximately $2.6 billion in deposits.
