M&A Deal Summary

Renasant Acquires The First Bank

On July 29, 2024, Renasant acquired financial services company The First Bank for 1.2B USD

Acquisition Highlights
  • This is Renasant’s 9th transaction in the Financial Services sector.
  • This is Renasant’s largest (disclosed) transaction.
  • This is Renasant’s 9th transaction in the United States.
  • This is Renasant’s 2nd transaction in Mississippi.

M&A Deal Summary
Date 2024-07-29
Target The First Bank
Sector Financial Services
Buyer(s) Renasant
Deal Type Merger
Deal Value 1.2B USD

Target

The First Bank

Hattiesburg, Mississippi, United States
The First Bank is a provider of financial services. The First Bank was founded in 1995 and is based in Hattiesburg, Mississippi.

Search 198,123 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 9 of 9
Sector (Financial Services) 9 of 9
Type (Merger) 6 of 6
State (Mississippi) 2 of 2
Country (United States) 9 of 9
Year (2024) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 Brand Group Holdings

Lawrenceville, Georgia, United States

Brand Group Holdings Inc. is the $1.3 billion bank holding company for The Brand Banking Company, a full service bank serving the needs of individuals and businesses in Gwinnett County, Georgia and North Metro Atlanta. As of December 31, 2017, Brand had approximately $2.4 billion in total assets, approximately $1.9 billion in total loans (excluding mortgage loans held for sale) and approximately $1.9 billion in total deposits.

Buy $453M
Mergr

Product

Company

Legal