Renasant Bank
Renasant Bank is a regional community bank and wholly-owned subsidiary of Renasant Corporation (NASDAQ: RNST), operating 280+ branches and 225+ ATMs across eight southeastern U.S. states with approximately $27.1 billion in assets. It serves consumers, small to medium businesses, commercial clients, homebuyers, and correspondent financial institutions through retail banking, mortgage, SBA, treasury, asset-based lending, and wealth management services.
- Company typePrivate
- Founded1904
- HeadquartersTupelo, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Renasant Bank does
Renasant Bank is a regional community bank headquartered in Tupelo, Mississippi, operating as a wholly-owned subsidiary of publicly traded Renasant Corporation (NASDAQ: RNST). Founded in 1904 as The Peoples Bank & Trust Company, the bank survived the Bankers' Panic of 1907 and the 1929 National Bank Holiday before expanding across eight southeastern states through a multi-decade acquisition program. Following the early-2025 acquisition of The First Bancshares, Renasant holds approximately $27.1 billion in total assets and operates 280+ branch locations and 225+ ATMs across Mississippi, Tennessee, Alabama, Georgia, Florida, North Carolina, South Carolina, and Louisiana. The franchise spans four primary segments — individual consumers, small to medium businesses, commercial/corporate clients, and homebuyers — augmented by wealth management, trust services, private client banking, asset-based lending, equipment financing, SBA lending (as an SBA Preferred Lender), and correspondent banking services for other community banks and credit unions.
The core technology stack is a digital banking platform delivered through iOS and Android mobile applications, online banking portals, business internet banking with treasury management, mobile check deposit via image capture, and wallet integrations (Apple Pay, Google Pay, Click to Pay, Zelle). Anomaly-detection systems power 24/7 debit card fraud monitoring, Check Positive Pay, ACH Fraud Mitigation, and mobile debit card alerts, while process automation drives ACH Positive Pay rule engines, Investment Sweep accounts, Target Balance sweeps, and Lockbox/receivables posting. The bank is FDIC-insured, holds NMLS #402669, is an Equal Housing Lender, and complies with the USA PATRIOT Act and CCPA/CPRA.
Revenue is generated through traditional banking interest income on loans and mortgages (the largest stream), transaction-based checking and savings fees, SBA loan guarantee fees, and merchant card processing fees through a partnership with BancCard. Asset-based lending and factoring through the Renasant Business Credit division and the Republic Business Credit subsidiary (acquired 2023) generate fee and interest income on a national footprint, distinct from the core Southeast branch geography. Distribution combines a heavy physical branch presence with comprehensive digital channels, supported by community-engagement programs such as Renasant Roots (small business capacity building, youth financial literacy, women's entrepreneurship, HBCU partnerships, and veteran support).
Renasant Bank firmographics
Firmographics- Name
- Renasant Bank
- Legal name
- Renasant Bank
- Website
- https://renasantbank.com
- Company type
- Private
- Founded year
- 1904
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Renasant Bank is a regional community bank and wholly-owned subsidiary of Renasant Corporation (NASDAQ: RNST), operating 280+ branches and 225+ ATMs across eight southeastern U.S. states with approximately $27.1 billion in assets. It serves consumers, small to medium businesses, commercial clients, homebuyers, and correspondent financial institutions through retail banking, mortgage, SBA, treasury, asset-based lending, and wealth management services.
- Ownership category
- akta.pro rank
Renasant Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221), Credit Intermediation and Related Activities (522)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where Renasant Bank is headquartered
LocationHeadquarters
- HQ city
- Tupelo
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Renasant Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income: Traditional banking interest income from loans and mortgages. The bank earns interest spread on personal and commercial lending products including mortgages, auto loans, personal loans, and commercial credit facilities.
- Deposit and Checking Account Fees: Monthly service fees, minimum balance fees, and transaction fees on checking and savings accounts. Business accounts include analysis fees and per-item charges.
- SBA Loan Guarantees: Fees associated with SBA 7(a) and 504 loan origination and servicing as an SBA Preferred Lender.
- Merchant Card Processing: Transaction processing fees from merchant card services through BancCard partnership for credit and debit card processing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Not-For-Profit Checking - $100 minimum opening, no minimum balance |
| Subscription | Monthly | Business Basics Checking - $100 opening, no monthly fee |
| Subscription | Monthly | Business Extra Checking - $100 opening, $10 monthly fee (waived at $5,000 balance) |
| Subscription | Monthly | Commercial Analysis Checking - $100 opening, $20 monthly fee |
| Subscription | Monthly | Rewards Extra Checking - $50 opening, $6.50 monthly fee |
| Subscription | Monthly | Commercial Savings - $250 opening, $15 quarterly fee (waived at $250 balance) |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Renasant Bank product offering
Product offeringCore offering
Renasant Bank is a community banking institution providing deposit accounts, consumer and commercial loans, mortgage lending, treasury management, and wealth management services across eight southeastern U.S. states. The bank operates through more than 280 branches, 225 ATMs, and digital banking channels, serving individuals, small-to-medium businesses, and commercial/corporate clients.
Product overview
Renasant Bank is a community banking organization operating as a platform with multiple product lines spanning personal banking, business banking, corporate banking, mortgage lending, and wealth management. The core banking platform offers personal checking accounts (Rewards Extra, Interest Checking, Simple Checking), personal savings accounts (Regular, Rewards, Children's, HSA, Money Market, CDs), and personal loans (auto, home equity, mortgages). Business banking includes Business Basics Checking, Business Extra Checking, and Commercial Analysis Checking, paired with Treasury Management services (ACH Positive Pay, Business Check Express, Lockbox, Merchant Card Processing). Corporate banking features Asset Based Lending through Renasant Business Credit and Republic Business Credit (acquired 2023), Equipment Financing, SBA Loans, and Financial Institutions services. Wealth management encompasses Trust Services, Retirement Plans, Private Client Banking, and Park Place Capital. The company also operates mortgage lending, community programs (Renasant Roots), and digital banking through mobile and online platforms. Renasant Bank has approximately $27.1 billion in assets and operates more than 280 locations across eight states.
Differentiator
Problem solved
Functional benefit
Brands
- Park Place Capital: The bank's subsidiary dedicated to wealth management and investment services.
- Renasant Business Credit
- Republic Business Credit
Products and services
- Rewards Extra Checking
Quantifiable outcome
- Expanded to $27.1 billion in assets through strategic acquisitions
- +2 more outcomes
Companies that use Renasant Bank
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles6 records
Renasant Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability9 records
Feature3 records
Renasant Bank partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Strategy World ConferenceminorRenasant Bank participates in Strategy World 2026 conference as a customer session presenter, showcasing AI, analytics, and data transformation initiatives alongside other leading companies such as TD, Google Cloud, Databricks, Pfizer, and Deutsche Telekom.
- BancCardcoreBancCard provides merchant card processing services for Renasant Bank customers. BancCard's local representatives offer industry experience and knowledge to recommend reliable solutions for businesses. Services include point of sale terminals, gateway/virtual terminal products, mobile products, and specialty cards.
- Birmingham Business Resource CenterminorPartnership with Birmingham Business Resource Center to deliver the Small Business Capacity Building Program for local business owners. The program provides intensive workshops designed to accelerate business growth and efficiency, with participants eligible for capacity building grants upon graduation.
- Federal Home Loan Bank of DallasminorRenasant Bank participated as a grant contributor alongside Home Bank, Liberty Bank & Trust, and Federal Home Loan Bank of Dallas to provide $60,000 grant to New Orleans Neighborhood Development Foundation for affordable housing initiatives.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Renasant Bank competitors and assessment
Company assessmentDirect peers
- Simmons First National Corporation: Arkansas-based regional bank holding company (NASDAQ: SFNC) of comparable scale (~$25B assets) with similar full-service community banking model across AR, MO, KS, TN, MS, TX — direct competitor in the Mid-South banking market.
- First Horizon Corporation: Tennessee-headquartered regional bank (NYSE: FHN) operating across TN, FL, MS, AL, GA, NC, SC, LA — substantial direct overlap with Renasant's footprint, similar product mix in consumer, commercial, and wealth management at materially larger scale.
- SouthState Corporation: Florida-headquartered regional bank (NYSE: SSB) operating across FL, GA, AL, SC, NC, VA — competes directly with Renasant in the Carolinas, Georgia, and Florida markets with similar consumer and commercial banking offerings.
- Trustmark Corporation: Mississippi-based regional bank holding company (NASDAQ: TRMK) of similar size and product mix — community banking, mortgage, wealth management across the Southeast. Closest direct peer given overlapping Mississippi headquarters, comparable ~$18B asset base, and near-identical customer segments.
- Pinnacle Financial Partners: Nashville, Tennessee-based regional bank (NYSE: PNFP) with Southeast-focused commercial banking, treasury management, and wealth services. Overlaps with Renasant in TN, NC, SC, GA, and VA markets with similar relationship-banking orientation.
- ServisFirst Bancshares: Birmingham, Alabama-based regional bank (NYSE: SFBS) with similar commercial banking focus, treasury management, and correspondent banking across the Southeast. Comparable Alabama market overlap and full-service business banking model.
- Cadence Bank: Mississippi-headquartered regional bank (NYSE: CADE) formed from the BancorpSouth/State Bank merger — directly competes with Renasant across MS, AL, TN, GA, FL, TX with community banking, treasury management, and mortgage lending at similar ~$50B asset scale.
- Regions Financial Corporation: Large Southeast-focused regional bank (NYSE: RF) operating across AL, FL, GA, TN, MS, and other states with full-service consumer, commercial, and wealth management. Direct competitor in most of Renasant's footprint with overlapping product set, though at materially larger scale (~$160B in assets).
Broad incumbents
- Home BancShares: Arkansas-based regional bank holding company (NYSE: HOMB) operating across AR, FL, AL, TN, MS, LA, TX, and NY — broader multi-state regional franchise with similar community banking orientation and overlap in several of Renasant's southeastern markets.
Regional players
- Atlantic Union Bankshares: Virginia-headquartered regional bank (NYSE: AUB) of comparable scale (~$25B assets) with full-service consumer, commercial, and mortgage banking. Competes in adjacent southeastern/mid-Atlantic geography with similar community banking value proposition.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Renasant Bank social profiles
Digital presenceRenasant Bank compliance and trust
Trust signalCompliance6 records
Renasant Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Renasant Bank leadership team
Management profileNumber of profiles
Profiles9 records
Renasant Bank subsidiaries and ownership
Company hierarchySubsidiaries7 records
Renasant Bank funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Renasant Bank M&A and investment
M&A and investmentM&A7 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Renasant Bank
What does Renasant Bank do?
Renasant Bank is a community banking institution providing deposit accounts, consumer and commercial loans, mortgage lending, treasury management, and wealth management services across eight southeastern U.S. states. The bank operates through more than 280 branches, 225 ATMs, and digital banking channels, serving individuals, small-to-medium businesses, and commercial/corporate clients.
Is Renasant Bank a public or private company?
Renasant Bank is a private company. It is classified as public and is currently operating.
When was Renasant Bank founded?
Renasant Bank was founded in 1904. It employs 1,001 to 5,000 people.
Where is Renasant Bank based?
Renasant Bank is headquartered in Tupelo, United States, in the North America region.
How does Renasant Bank make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are deposit and Checking Account Fees, SBA Loan Guarantees and merchant Card Processing.
Who are Renasant Bank's main competitors?
Direct peers on record are Simmons First National Corporation, First Horizon Corporation, SouthState Corporation, Trustmark Corporation, Pinnacle Financial Partners, ServisFirst Bancshares, Cadence Bank and Regions Financial Corporation. Home BancShares is listed as a broad incumbent. Atlantic Union Bankshares is listed as a regional player.
Does Renasant Bank have an API?
No public API is recorded for Renasant Bank.
What industry is Renasant Bank in?
Renasant Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 52211 and its SIC code is 6022.