Renasant Recognized as a National Top 20 Small Business Lending Bank

Jun 17, 2010, 12:36 ET from Renasant Corporation

TUPELO, Miss., June 17 /PRNewswire-FirstCall/ -- Renasant (Nasdaq: RNST) was recently recognized on Entrepreneur Magazine's website, Entrepreneur.com, as one of the top 20 nationwide small business loan leaders.  The rankings were based on the Small Business Association's most current study on small-business lending activities, Small Business and Micro Business Lending in the United States.  Small business loans are defined as business loans of less than $1 million, while micro business loans are defined as business loans of less than $100,000.

"One of our major focuses at Renasant has always been serving and lending to the small business owner entrepreneur and his or her family and employees," said Renasant Chairman and CEO, E. Robinson McGraw.  "We're proud to be recognized as a top 20 small business bank in the nation and our commitment to working with small business owners will continue to be a top priority for Renasant."

The report from Entrepreneur.com/bestbanks:

At some point in your entrepreneurial life, chances are you're going to need to acquire a loan in order to get your business off the ground or keep it going strong. And if that point is now, when so many banks are clamping down on credit, the task may seem near insurmountable. The good news is, while they may be fewer and farther between, there are still banks out there that believe in entrepreneurs like you-and you'll find them here in our rankings of the best small business banks.

Top 20 Nationwide Small Business Loans Lenders

Bank

Location

No. of Loans

$ Value of Loans (1,000)

American Express Bank FSB

Salt Lake City, UT

2,578,159

$11,030,000

Pitney Bowes Bank

Salt Lake City, UT

1,194,240

$427,025

Capital One Bank USA NA

Glen Allen, VA

1,118,119

$3,268,239

Advanta Bank Corp .

Draper, UT

178,483

$755,423

BB&T Financial FSB

Columbus, GA

170,246

$399,615

Wright Express Financial Services Corp.

Salt Lake City, UT

165,552

$1,198,980

Discover Bank

Greenwood, DE

131,041

$415,942

Wells Fargo Bank Northwest NA

Ogden, UT

98,578

$2,489,000

Eaton National Bank & Trust Co.

Eaton, OH

45,923

$56,318

First-Citizens Bank & Trust Company

Raleigh, NC

32,953

$2,622,570

Sweet Water State Bank

Sweet Water, AL

28,512

$28,542

Innovative Bank

Oakland, CA

19,985

$112,062

First National Bank

Greenville, PA

17,851

$1,567,606

Transportation Alliance Bank

Ogden, UT

14,315

$254,549

People's United Bank

Bridgeport, CT

14,054

$2,212,083

VisionBank

Topeka, KS

9,523

$30,988

Tennessee Commerce Bank

Franklin, TN

6,535

$458,459

Renasant Bank

Tupelo, MS

5,948

$1,014,619

Hanmi Bank

Los Angeles, CA

5,557

$1,265,520

First Bank

Troy, NC

5,469

$486,275

ABOUT RENASANT CORPORATION:

Renasant Corporation is the parent of Renasant Bank and Renasant Insurance.  Renasant has assets of approximately $3.6 billion and operates over 65 banking, mortgage, insurance and financial services offices in Mississippi, Tennessee and Alabama.

Contacts

For Media:

For Financials:

John Oxford

Stuart Johnson

Vice President

Senior Executive Vice President  

Director of External Affairs

Chief Financial Officer

(662) 680-1219

(662) 680-1472

joxford@renasant.com

stuartj@renasant.com

SOURCE Renasant Corporation



RELATED LINKS

http://www.renasantbank.com