Renasant agrees to acquire Commercial Holding in $142 million stock deal
Renasant Corporation and Commercial Holding Company announced a merger agreement on October 27, 2026, under which Commercial will become part of Renasant. Commercial shareholders will receive 0.8798 Renasant shares for each Commercial share, representing approximately 2.64 million Renasant shares, plus a special cash dividend of approximately $35.7 million before completion. The transaction is valued at approximately $142 million and is targeted for the first quarter of 2027 after required regulatory clearances and a Commercial shareholder vote.
Why it matters
The transaction would add Commercial Bank's nine Tennessee branches and approximately $1.1 billion in assets to Renasant. Completion remains conditional on regulatory and shareholder approvals, so the announced exchange terms do not yet represent a completed acquisition.
Key facts
- 1The merger consideration is 0.8798 Renasant shares for each Commercial share, or approximately 2.64 million Renasant shares overall. investing.com
- 2Commercial plans to distribute a special cash dividend of approximately $35.7 million to its shareholders before the merger closes. investing.com
- 3The transaction is valued at approximately $142 million using Renasant's 10-day average closing price of $40.29 as of Monday. investing.com
- 4The deal is expected to close in the first quarter of 2027, pending regulatory approvals and Commercial shareholder approval. investing.com
- 5Commercial Bank operates nine full-service Tennessee branches and reported approximately $1.1 billion in total assets as of September 30, 2026. investing.com
- 6The combined company would have approximately $28.6 billion in total assets based on September 30, 2026 financial data. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.