M&A Deal Summary

Renasant Bank Acquires Republic Business Credit

On January 3, 2023, Renasant Bank acquired financial services company Republic Business Credit

Acquisition Highlights
  • This is Renasant Bank’s 1st transaction in the Financial Services sector.
  • This is Renasant Bank’s 1st transaction in the United States.
  • This is Renasant Bank’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2023-01-03
Target Republic Business Credit
Sector Financial Services
Buyer(s) Renasant Bank
Deal Type Add-on Acquisition

Target

Republic Business Credit

New Orleans, Louisiana, United States
Republic Business Credit is a commercial finance company with average earning assets in excess of $100 million. RBC has grown into a premier, tech-enabled independent commercial finance platform that provides factoring and asset-based lending solutions to commercial borrowers nationwide with more than $8 billion in factoring originations alone since inception. Republic Business Credit was founded in 2011 and is based in New Orleans, Louisiana.

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Buyer(S) 1

Buyer

Renasant Bank

Tupelo, Mississippi, United States
Category Company
Founded 1904
Sector Financial Services
DESCRIPTION

Renasant Bank which stands for constant renaissance, has a rich history of achievement in its journey to becoming one of the South’s most successful companies. A collection of community banks that values its relationships with employees and clients above all else, Renasant has found its strength in being a company dedicated to solid leadership, innovation, and community partnership.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
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