Renasant Bank was named “The Best Bank in the South” by Time magazine’s Money.com for 2019. This is an exciting time for “The Best Bank in the South” as Renasant will be opening a new location in Franklin, Tennessee this fall. Established in 1904, Renasant was founded to serve the people of the community and has operated under that same guiding principle for nearly its entire 115 years of operation – putting the needs of its clients and communities above all else, with the knowledge that meeting those needs will lead to success.
Renasant has found success by adhering to a strong set of core values throughout the past century: to value associates, work as a team, maintain quality, lead through vision and inspiration, maintain two-way communication at all levels, put client trust first, nurture a professional and respectful environment, maintain a challenging and enthusiastic workplace, and always advocate for the company.
Renasant entered Nashville through the acquisition of Capital Bancorp, Inc., giving the bank seven locations in Middle Tennessee. Between 2003 and 2007, Renasant grew from a little more than $1 billion in assets to more than $3.4 billion in assets.
In 2010 and 2011, Renasant acquired Crescent Bank and Trust of Jasper, Georgia and American Bank and Trust of Roswell, Georgia through FDIC banking transactions, which gave Renasant thirteen locations in the North Georgia and suburban Atlanta markets. This $1 billion FDIC acquisition expanded Renasant’s footprint into Georgia, giving the bank more than seventy-five locations in four southern states and a total of $4.2 billion in assets at the end of 2012.
Renasant acquired First M&F Corporation, the parent of M&F Bank, of Kosciusko, Mississippi, which added $1.6 billion in assets and forty-two banking and insurance locations throughout Renasant’s Mississippi, Alabama and Tennessee banking franchises in 2013. The merger significantly increased Renasant’s deposit market share in the Birmingham and Memphis MSAs and the key Mississippi markets of Tupelo, Oxford and Starkville, while providing entrance into the markets surrounding Jackson, Mississippi. In 2015, Renasant acquired Heritage Financial Group, Inc., the parent of HeritageBank of the South, headquartered in Albany, Georgia. The merger enhanced Renasant’s presence in the metro markets of Birmingham, Alabama and Atlanta, Georgia with minimal existing overlap while providing entry into new markets, such as Albany, Statesboro, Macon, Valdosta and Savannah, Georgia; Auburn, Alabama; and Ocala and Gainesville, Florida.
In 2016, Renasant acquired KeyWorth Bank. This acquisition expanded Renasant’s reach in the North Georgia and Atlanta area by adding four full-service locations. Following the KeyWorth merger, in 2017, Renasant acquired Metropolitan Bank with locations in Memphis and Nashville, Tennessee and Jackson, Mississippi, boosting the Bank’s previous presence in these growth markets with seven additional locations.
Renasant recently acquired BrandBank, headquartered in Lawrenceville, Georgia. It was Renasant’s largest acquisition to date, adding thirteen locations in and around the Atlanta MSA, and more than $2 billion in assets. Renasant is a shining example of responsibility and prudent banking practices, remaining true to its customers through both good times and bad. Its strong core values are the reason Renasant was able to weather both the Great Depression and the Great Recession and come out stronger on the other side.
To date, Renasant operates more than 190 banking, lending, wealth management and financial services locations in Mississippi, Alabama, Tennessee, Georgia and Florida and has approximately $12.9 billion in assets.
“We are excited to be in Downtown Franklin and have been anticipating this move for more than two years,” said Harrison Crabtree, president of Williamson County. “We have an excellent team that wants to understand you and cover all of your financial needs – from banking to lending to investment services. Franklin is our home, and we look forward to serving you.”
Coming Soon: Renasant Bank 815 Columbia Avenue | Franklin, TN renasantbank.com
