Renasant Corporation has agreed to acquire Commercial Holding Company, the parent of Paris, Tennessee-based Commercial Bank & Trust, in a transaction valued at about US$142m, the companies said on 27 October 2026.
Why Renasant Corporation is buying Commercial Holding Company (Commercial Bank & Trust)
Renasant said the deal creates a top-10 bank in Tennessee, with pro forma deposits in the state of about US$2.6bn across 28 branches. Commercial also brings a trust and wealth business with about US$1.2bn of assets under management.
Deal terms and financing
Commercial shareholders will receive 0.8798 Renasant shares for each Commercial share, about 2.64 million shares in total, and Commercial will pay a special cash dividend of about US$35.7m before closing. The aggregate value of about US$142m is based on Renasant's 10-day average closing price of US$40.29 to 26 October. Commercial chairman and chief executive Roy Molitor Ford Jr is expected to join Renasant in a market executive role.
Regulatory approvals and timing
Both boards approved the merger unanimously. It requires regulatory approvals and the approval of Commercial shareholders, and is expected to close in the first quarter of 2027.
Market context
At 30 September 2026 Commercial Bank had about US$1.1bn of assets, US$648m of loans and US$983m of deposits. The combined company would have about US$28.6bn of assets.
