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Renasant Bank
Renasant Bank

-5.0%

Financial services / Community banking and financial services

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Overview
Renasant Bank is a subsidiary of Renasant Corporation, a financial services company based in Tupelo, Mississippi. The bank was founded in 1904 and has over 200 locations in Mississippi, Alabama, Tennessee, Georgia, and Florida. It offers a wide range of personal and business banking services, including checking and savings accounts, loans, mortgages, and investment services.
Renasant Bank prides itself on being a community bank and is actively involved in the communities it serves through charitable giving and volunteer work. It also offers online and mobile banking options to make banking convenient for its customers. The bank has received multiple awards and accolades, including being named one of America’s Best Banks by Forbes for five consecutive years.
What is special about the company?
1. Strong history and legacy: Renasant Bank was founded over 115 years ago in 1908 and has a long history of serving its communities. It has maintained a strong legacy of providing quality financial services and customer care.
2. Community-focused: Renasant Bank is committed to serving the needs of its local communities and supporting them through various initiatives and partnerships.
3. Customer-centric approach: The bank’s mission is to provide exceptional service and innovative financial solutions to its customers. It strives to understand and meet the unique needs of each customer.
4. Wide range of products and services: Renasant Bank offers a comprehensive range of financial products and services, including personal and business banking, wealth management, and insurance.
5. Technology-driven: The bank is committed to staying ahead of the curve with advancements in technology. It offers online and mobile banking services, making it convenient for customers to access their accounts and manage their finances.
6. Strong financial performance: Renasant Bank has consistently delivered strong financial performance through the years, ensuring the stability and growth of the institution.
7. Employee satisfaction: The bank has been recognized as one of the best places to work, with a focus on creating a positive and inclusive work culture.
8. Corporate responsibility: Renasant Bank is committed to corporate responsibility and actively supports various social and environmental initiatives in the communities it serves.
9. Accessibility: With over 200 locations across the Southeast, Renasant Bank is easily accessible to its customers, making it convenient to bank with them.
10. Award-winning: The bank has received numerous awards and accolades for its financial services and community involvement, including being ranked among the top performing banks in the country by Forbes magazine.
What the company's business model?
The business model of Renasant Bank includes offering a range of financial services such as personal and commercial banking, mortgage lending, wealth management, and insurance services to individuals and businesses in the Southern and Midwestern regions of the United States. The bank operates through a network of branches and ATMs and also provides online and mobile banking services. Their focus is on building relationships with their customers and providing personalized solutions to meet their financial needs. Renasant Bank’s business model is based on a community banking approach, offering a competitive range of products and services while maintaining a strong presence in the local communities they serve. They also strive to maintain a strong credit profile and efficient operations to drive profitability and long-term growth.
Interesting facts about the company
• Renasant Bank was founded in 1904 in Tupelo, Mississippi.
• The bank was originally known as First National Bank of Mississippi. It changed its name to Renasant Bank in 2005 to reflect its commitment to the Southeastern region.
• Renasant is a portmanteau of the words renaissance and southeast.
• Renasant Bank has over 200 locations in Alabama, Florida, Georgia, Mississippi, and Tennessee.
• The bank offers a variety of personal and business banking services, including checking and savings accounts, loans, and wealth management.
• Renasant Bank has been recognized as one of Forbes’ Best Banks in America for several years in a row.
• The company has a long history of community involvement and has received multiple awards for its charitable efforts.
• Renasant Bank has been named one of the best places to work in Mississippi by the Mississippi Business Journal.
• In addition to banking services, Renasant Bank also offers insurance, mortgage, and investment products.
• The bank is publicly traded on the Nasdaq stock exchange under the ticker symbol RNST.
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