TUPELO, Miss., Sept. 8 /PRNewswire/ -- Renasant Bank (Nasdaq:
RNST) today announced its intention to enter the
Columbus-Lowndes County, MS market
during the fourth quarter of 2010. With its soon-to-be open
location at 905 Main Street, Renasant will bring its Greater
Service banking culture into the heart of Columbus.
"Being a company with over 105-years of experience in
conservative and sound banking practices, we are excited to bring
Columbus-Lowndes County our first
class service that is the foundation for our success," said
Renasant Chairman and Chief Executive Officer, E. Robinson McGraw. "We look forward to
providing all the products of a large regional bank combined with
the personal service of your hometown community bank."
Along with Renasant's traditional retail banking activities, its
Columbus Main Street location will
feature consumer, mortgage and commercial loans, treasury
management solutions, and financial services representatives
through onsite appointment.
"We believe good things are happening in the Golden Triangle and
adding a Columbus location to partner with our two locations in
West Point and our ATM in
Starkville will help us to fill in
our footprint in this market," stated Scott
Cochran, Renasant Mississippi Division President. "The
availability of the Main Street location gave us a tremendous
opportunity to access this market and the recent disruptions in the
banking industry are allowing us to acquire top tier banking talent
to help us obtain market share and quickly build a strong
presence."
Further pacing Renasant into the Columbus-Lowndes County market, Bill West has joined the Renasant team as
Division President for Lowndes
County. West brings over 35 years of experience in
banking, lending, real estate and business.
"Renasant is a dynamic bank and I'm excited to be a part of its
leadership team," said West. "Through my knowledge of the
Golden Triangle markets coupled with the expansive financial
service products of Renasant and its Greater Service banking
culture, we will provide our clients with a banking experience that
is second to none. As we open our location soon, we will hit
the ground running as an active part of the community."
Renasant anticipates 7 new jobs will be created with the opening
of its entry into Columbus-Lowndes
County. This will be Renasant's third major opening
during 2010, as Renasant opened its second New Albany, MS location and its ninth
Birmingham, AL location earlier
this year. This new location will give Renasant a total of 48
banking, mortgage and insurance offices in Mississippi. In addition, Renasant
recently participated in a FDIC assisted transaction to acquire 11
banking locations in North
Georgia. Renasant Corporation is the parent of
Renasant Bank and Renasant Insurance, Inc., has assets of
approximately $4.6 billion and
operates over 75 banking, mortgage, financial services and
insurance offices in Mississippi,
Tennessee, Alabama and Georgia as of July 23,
2010.
www.renasantbank.com
CONTACT: John
Oxford
Phone (662) 680-1219
SOURCE Renasant Corporation
Copyright t. 8 PR Newswire