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Stock impact report

Republic Business Credit Fuels Wholesale Expansion for Mississippi-based Mattress Manufacturer [Yahoo! Finance]

Renasant Corporation (RNST) 
Last renasant corporation earnings: 4/28 05:30 pm Check Earnings Report
US:NASDAQ Investor Relations: renasant.com
Company Research Source: Yahoo! Finance
LOS ANGELES Dec. 11 /PRNewswire-PRWeb/ -- A Mississippi -based mattress manufacturer partnered with Republic Business Credit to expand into major retailers across the country. Republic was introduced to the company by Renasant Bank's Tupelo commercial banking team. The Renasant team knew Republic was the right lender because of the manufacturer's high growth potential and Republic's deep expertise in both consumer-packaged goods and furniture. Larry Coggin, North Mississippi Commercial Banking President for Renasant said, "Republic's industry expertise and ability to support high-growth clients is another great solution we can bring to the overall client relationship." Coggin added, "We expect that within 18 months the company will mature into a conventional banking relationship." Republic provided a $2.5 million non-recourse factoring facility that didn't require a personal guarantee. The facility empowers the manufacturer to offer attractive payment terms to new wholesale custo Show less Read more
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