Merger • Financial Services

Renasant Acquires The First Bank

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date July 29, 2024
Target The First Bank
Sector Financial Services
Buyer(s) Renasant
Deal Type Merger
Deal Value 1.2B USD

Target Company

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.
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Buyer Overview 1

Buyer

Renasant

Tupelo, Mississippi, United States

Category Company
Founded 1904
Sector Financial Services
Employees2,200
Revenue 662M USD (2024)
DESCRIPTION

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


Deal Context for Buyer #
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