Renasant Completes Merger with The First Bancshares

Renasant ( (RNST) ) has issued an update.

On April 1, 2025, Renasant Corporation completed its merger with The First Bancshares, Inc., with Renasant continuing as the surviving corporation. The merger also involved the integration of The First Bank into Renasant Bank. As a result of the merger, Renasant assumed subordinated debentures and notes totaling $133,786,000 and expanded its board of directors to include members from The First. The transition in leadership will see Kevin D. Chapman assume the role of CEO, while E. Robinson McGraw will resign as an officer but remain Chairman of the Board. The integration of The First’s operations is expected to be completed by early August 2025.

More about Renasant

Renasant Corporation is the parent company of Renasant Bank, a 121-year-old financial services institution with approximately $26 billion in assets. It operates over 280 banking, lending, mortgage, and wealth management offices throughout the Southeast and offers factoring and asset-based lending on a nationwide basis.

YTD Price Performance: -13.57%

Average Trading Volume: 773,718

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.91B

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