Renasant to acquire Commercial Holding in stock deal valued at about $142 million
Renasant agreed to merge with Commercial Holding Company, parent of Commercial Bank & Trust, with Commercial shareholders receiving 0.8798 Renasant shares for each Commercial share, about 2.64 million shares in total. Including a $35.7 million pre-closing special cash dividend, the filing puts the aggregate transaction value at about $142 million, based on a $40.29 10-day average RNST price. The deal is expected to close in the first quarter of 2027, subject to regulatory approvals and Commercial shareholder approval, and would add Commercial Bank's roughly $1.1 billion in assets to Renasant's West Tennessee presence.
Key points
- Commercial shareholders to receive 0.8798 Renasant shares per share, about 2.64 million shares in aggregate
- Aggregate transaction value about $142 million, including a $35.7 million special cash dividend
- Commercial to pay a $7,000,000 termination fee under certain circumstances
- Expected closing in the first quarter of 2027, subject to regulatory and Commercial shareholder approvals
The filing
Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.