The Bank Slate


Renasant in Miss. is latest bank to sell its insurance business

Renasant in Tupelo, Miss., has sold its insurance agency to Sunstar Insurance Group.

The $17.3 billion-asset company said in a press release that it sold Renasant Insurance; the price wasn’t disclosed. Renasant Insurance will rebrand as Sunstar Insurance Services.

All of Renasant Insurance’s leadership and employees joined Sunstar.

“This transaction provides a great opportunity for both our customers and employees to continue with Sunstar and build on the legacy of Renasant Insurance,” Renasant CEO Mitch Waycaster said in the release.

“By joining Sunstar, our insurance customers will have access to an enhanced suite of products and services, and our employees will now benefit from Sunstar’s specialized resources and expertise,” he added.

Piper Sandler and Phelps Dunbar advised Renasant.

Leave a Reply

Your email address will not be published.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