The Renasant acquisition of Commercial Holding Company is valued at approximately $142 million, including a special dividend, under an agreement announced October 27, 2026. The deal would expand Renasant’s banking and wealth management operations in West Tennessee.

Key Takeaways

  • Commercial shareholders would receive 0.8798 Renasant shares for each Commercial share.
  • Commercial Bank had $983 million in deposits and $1.2 billion in wealth management assets under management as of September 30, 2026.
  • The companies expect to close in the first quarter of 2027, subject to approvals and other conditions.

Renasant acquisition terms

Renasant and Commercial entered a definitive merger agreement under which Commercial would merge into Renasant. Immediately afterward, Commercial Bank & Trust Company would merge into Renasant Bank.

Commercial shareholders would receive approximately 2.64 million Renasant common shares in total. Commercial also plans to pay its shareholders a special cash dividend of approximately $35.7 million before closing.

The approximately $142 million transaction value includes that dividend and is based on Renasant’s 10-day average closing share price of $40.29 as of October 26, 2026. The consideration is tied to a fixed exchange ratio rather than a fixed cash price per Commercial share.

West Tennessee operations

Commercial Bank, headquartered in Paris, Tennessee, operates nine full-service branches in Paris, Union City, Jackson and Memphis. As of September 30, 2026, it had approximately $1.1 billion in assets and $648 million in loans.

Based on financial data from the same date, the combined company would have approximately $28.6 billion in assets, $20.4 billion in loans and $22.6 billion in deposits. Its Tennessee operations would include 28 branches and approximately $2.6 billion in deposits.

Commercial Chairman and CEO Roy Molitor “Mott” Ford Jr. is expected to join Renasant in a market executive role after the merger closes.

Approvals and timing

Both companies’ boards unanimously approved the agreement, but the transaction has not closed. Completion requires regulatory approvals and approval from Commercial shareholders, among other customary conditions.

Renasant plans to file a registration statement containing a Commercial proxy statement and Renasant prospectus with the U.S. Securities and Exchange Commission.

Next milestone

Renasant plans to discuss the merger on its third-quarter earnings call on October 28, 2026.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.