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Renasant Bank Acquires Republic Business Credit

PUBLIC · RNSTJan 03, 2023

Acquiring Company

Renasant

Acquired Company

Continental Republic Capital

TupeloNew OrleansFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLending

Description

Renasant Corporation (NASDAQ: RNST) (the “Company”) announced today that effective December 30, 2022, its wholly-owned subsidiary, Renasant Bank, has acquired Republic Business Credit (formally known as Continental Republic Capital, LLC) (“RBC”) in an all cash transaction. RBC is a market-leading commercial finance company with average earning assets in excess of $100 million. Founded in 2011, RBC has grown into a premier, tech-enabled independent commercial finance platform that provides factoring and asset-based lending solutions (“ABL”) to commercial borrowers nationwide with more than $8 billion in factoring originations alone since inception.

Quick answer

Renasant is acquiring Continental Republic Capital, announced January 3, 2023. Renasant is based in Tupelo, Mississippi, United States.

How much did Renasant pay for Continental Republic Capital?
The deal value was not disclosed.
What does Renasant do?
Renasant Corporation is a regional financial services provider that operates in six states in the southeastern United States.
Where are Renasant and Continental Republic Capital based?
Renasant is based in Tupelo, Mississippi, United States. Continental Republic Capital is based in New Orleans, Louisiana, United States.
Who are the decision-makers at Renasant?
Fundz holds 3 contacts at Renasant. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Renasant

Location

Tupelo, Mississippi, United States

About

Renasant Corporation is a regional financial services provider that operates in six states in the southeastern United States. With approximately $25 billion in combined total assets, the corporation offers a range of financial services to individuals and businesses in its market.

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Frequently asked

Who acquired Continental Republic Capital?

Continental Republic Capital was acquired by Renasant, based in Tupelo. The deal was reported on January 3, 2023. Renasant Corporation is a regional financial services provider that operates in six states in the southeastern United States. Renasant is publicly traded (RNST) and operates in Financial Services.

When did Renasant acquire Continental Republic Capital?

Renasant's acquisition of Continental Republic Capital was reported on January 3, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Continental Republic Capital do?

Republic Business Credit is a nationally recognized commercial finance company supporting the working capital requirements of companies nationwide, including private equity and entrepreneurial businesses. It is privately held, operating in Financial Services, and is based in New Orleans.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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