Renasant Corporation announced on October 27, 2026, that it has entered into a definitive agreement to acquire Commercial Holding Company, Inc. Under the terms of the merger agreement, Commercial will merge with and into Renasant, with Renasant continuing as the surviving corporation. Immediately following the merger, Commercial’s wholly owned bank subsidiary, Commercial Bank & Trust Company, will merge with and into Renasant’s wholly owned bank subsidiary, Renasant Bank.
The transaction is valued at approximately $142 million. Commercial shareholders will receive 0.8798 shares of Renasant common stock for each share of Commercial common stock, representing approximately 2.64 million shares of Renasant stock in the aggregate. Additionally, Commercial shareholders are expected to receive a special cash dividend of approximately $35.7 million prior to the closing of the transaction.
Commercial Bank is headquartered in Paris, Tennessee, and operates nine full-service branches in Paris, Union City, Jackson, and Memphis. As of September 30, 2026, the bank reported approximately $1.1 billion in total assets, $648 million in total loans, and $983 million in total deposits. Its trust and wealth management business manages approximately $1.2 billion in assets under management.
The merger has been unanimously approved by the boards of directors of both companies and is expected to close in the first quarter of 2027. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of Commercial shareholders.
