Renasant Bank

Overview / Commentary
209 Troy Street
Tupelo, MS 38801

Renasant Bank is headquartered in Tupelo and is the 4th largest bank in the state of Mississippi. It is also the 120th largest bank in the nation. It was established in 1904 and as of June of 2019, it had grown to 2,456 employees at 169 locations. Renasant Bank has an A+ health rating.

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Excellent Bank!

Posted by: Anonymous | Jun 22, 2012

I have been with Renasant for almost 3 years, and could not be happier with this bank. The branch I visit is very friendly, and in the few times I've had to call - the phone line reps have been nice as well. I am picky on my banks - I've been with just about every large bank we have in my area and I never liked any of them. I moved to Renasant because we only had two in town, I thought I might have more of a small town feel and I'd be more important when I walked in the bank than BOA, and I was right.

I've never had my bank card frozen like one review on here, and I've always had access to my funds. I have only ever had one issue that was declined, which was when the merchant ran it through twice for the same amount, immediately after each other and the bank declined it considering it a duplicate sale. It worked fine just a few minutes later.

One thing I love about Renasant is if you do happen to mess up and overdraft your account (because it CAN happen, I don't care who you are.), they give you until the end of the business day to put money in your account. I woke up one morning and something had gone through I had completely screwed up and forgotten about. I called the bank because there was no OD fee yet, even though I was clearly negative. They explained they would not post that yet - I had until 4:00 pm to make a deposit if I wished, to avoid any OD fees.

Small Banks - The Pluses and Minuses

Posted by: Blazeonal | Dec 13, 2017

Renasant Bank is very friendly, customer service wise, but lacks technology to be competitive with the big banks. They always seem to be one step behind.

Online Service Horrible

Posted by: tracsd | Jul 31, 2018

If you visit a branch, you will find customer service decent. But, who visits branches anymore when you can do everything in the comfort of your own home. Their online experience is awful. I am a web developer and have made several suggestions to them. It is not user friendly!! I have 6 accounts with them and although it is going to be a pain to move everything around, I'd rather go with a bank where the customer's needs come first.

Lousy Communication

They were EXTREMELY non-responsive regarding our home loan process. The responses we DID get were both curt and vague. They sent an email to our agent suggesting WE were holding up the loan, yet when we asked questions that would have help facilitate the process, we were either given no response at all or a vague response DAYS later. I'm out $450 for the appraisal, and still a renter because of them.

I only wish I had seen these other reviews before I went with them. Don't make my/our mistake!!!



Health Grade Components

FDIC Certificate #12437
Year Established1904
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.52%
Return on Equity - YTD8.57%
Annual Interest Income$274.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$12.88B$10.53B
LoansQ2 2019vs Q2 2018$9.47B$7.97B
DepositsQ2 2019vs Q2 2018$10.22B$8.46B
Equity CapitalQ2 2019vs Q2 2018$2.33B$1.66B
Loan Loss AllowanceQ2 2019vs Q2 2018$50.1MM$47.4MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$29.5MM$19.0MM
Real Estate OwnedQ2 2019vs Q2 2018$8.7MM$13.7MM

Sorry, we do not have rate data for Renasant Bank.



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