Renasant Corporation Completes Merger with Brand Group Holdings, Inc.
Wednesday, September 5th, 2018
Renasant Corporation announced that it has completed its merger with Brand Group Holdings, Inc., the parent company of BrandBank, effective September 1, 2018. The combined company now has approximately $12.7 billion in total assets with more than 190 banking, mortgage, wealth management, and insurance offices throughout Mississippi, Tennessee, Alabama, Georgia and Florida.
"We're excited to have completed our merger with BrandBank. With the addition of Brand, Renasant now has top 10 deposit market share in the highly attractive Atlanta MSA," said Renasant President and Chief Executive Officer, C. Mitchell Waycaster. "This merger expands our earnings growth and profitability, and increases our asset size well beyond the $10 billion threshold. We also believe this merger will greatly benefit both Brand's and our existing clients with expanded locations, services and products. We look forward to a bright future with Brand now being part of the Renasant family."
Founded in 1905, Brand has 13 locations throughout the greater Atlanta market. As of June 30, 2018, Brand had approximately $2.2 billion in total assets, approximately $1.7 billion in total loans (excluding mortgage loans held for sale) and approximately $1.8 billion in total deposits.