M&A Deal Summary

Renasant Acquires Heritage Financial

On December 10, 2014, Renasant acquired financial services company Heritage Financial for 258M USD

Acquisition Highlights
  • This is Renasant’s 5th transaction in the Financial Services sector.
  • This is Renasant’s 3rd largest (disclosed) transaction.
  • This is Renasant’s 5th transaction in the United States.
  • This is Renasant’s 1st transaction in Washington.

M&A Deal Summary
Date 2014-12-10
Target Heritage Financial
Sector Financial Services
Buyer(s) Renasant
Deal Type Merger
Deal Value 258M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Alston & Bird (Legal)

Target

Heritage Financial

Olympia, Washington, United States
Heritage Financial Corporation is a provider of various financial services to small businesses and general public and operates as the bank holding company for Heritage Bank. Heritage Financial Group, Inc. is the holding company for HeritageBank of the South, a community-oriented bank serving primarily Georgia, Florida and Alabama through 36 banking locations, 20 mortgage offices, and 5 investment offices.

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Buyer(S) 1

Buyer

Renasant

Tupelo, Mississippi, United States
Category Company
Founded 1904
Sector Financial Services
Employees2,300
Revenue 632M USD (2023)
DESCRIPTION

Renasant is a provider of banking, mortgage, financial and insurance services. Renasant was founded in 1904 and is based in Tupelo, Mississippi.

DEAL STATS #
Overall 5 of 9
Sector (Financial Services) 5 of 9
Type (Merger) 4 of 6
State (Washington) 1 of 1
Country (United States) 5 of 9
Year (2014) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Heritage Financial Group

Albany, Georgia, United States

Heritage Financial Group, Inc. is the holding company for HeritageBank of the South a community-oriented bank serving primarily Georgia, Florida, and Alabama through 29 banking locations, 15 mortgage offices, and 5 investment offices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-20 KeyWorth Bank

Johns Creek, Georgia, United States

KeyWorth operates six offices in the Atlanta metropolitan area and as of June 30, 2015, had approximately $389 million in total assets, which included approximately $246 million in total loans, and approximately $336 million in total deposits.

Buy $59M
Mergr

Product

Company

Legal