AcquisitionOct 27, 2026Pending
🇺🇸 United States
CCommercial Holding Company, Inc.RRenasant Corporation
Financial Institutions › Banks
Equity value$142MEquity value
AnnouncedOct 27, 2026
ConsiderationStock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Renasant Corporation agreed to acquire Commercial Holding Company, the parent of Commercial Bank & Trust Company, in a merger. Commercial shareholders are to receive 0.8798 shares of Renasant common stock for each share, and Commercial is to pay a special cash dividend of approximately $35.7 million to its shareholders, for an aggregate transaction value of approximately $142 million.
Deal rationale
The merger expands Renasant's West Tennessee franchise with over $900 million in low-cost, core deposits and adds Commercial Bank's trust and wealth management business.
AI-generated from the SEC filingPendingFinancial Institutions › BanksUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | $142M | Headline figure |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Stock |
Advisors
Buy-side
SStifel
Sell-side
None listed
Parties
Target
CCommercial Holding Company, Inc.
- Headquarters
- United States
- Ticker
- —
Acquirer
RRenasant Corporation
- Headquarters
- United States
- Ticker
- —