Home » NEWS » Banking & Finance » Renasant Bank enters new Alabama market

Renasant Bank enters new Alabama market

TUPELO — Renasant Corporation’s wholly owned subsidiary, Renasant Bank, is entering the banking market of Montgomery, Ala., through its hiring of an established banking team. The entry into Montgomery adds to Renasant’s current Alabama footprint of multiple full-service locations in Birmingham, Huntsville, Decatur and Madison, which has over $600 million in assets.

Mike Ross, Renasant Alabama Division president, said, “We continue to experience tremendous success in our Alabama operations. This opportunity, along with future planned expansion, will not only allow us to build on our recent successes but will be vital in providing future growth in our Alabama markets.”

Leading Renasant’s entry into Montgomery will be Pete Knight Jr. Knight will bring his 30 years of banking experience to serve as Renasant Montgomery City president.

Initially joining Knight on Renasant’s new Montgomery team will be Bill Renfroe, who will serve as senior vice president and commercial relationship manager, and Gerald Boone, who will serve as vice president and commercial relationship manager. The three Renasant bankers have over 60 combined years of banking industry leadership experience.

The Montgomery market entrance will be Renasant’s eighth expansion and the third in Alabama over the past 12 months. Renasant’s entrance into the Montgomery market comes just two days after it announced that it entered into an agreement to acquire RBC Bank (USA)’s Birmingham-based $680-million asset Trust division.

Source: Renasant

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About For the MBJ

Leave a Reply

Your email address will not be published. Required fields are marked *

*