By Katherine Hamilton
Renasant's executive chairman and board chair E. Robinson McGraw will resign following a merger.
The parent company of Renasant Bank based in Tupelo, Miss., said Friday McGraw agreed to resign as an officer and employee effective May 1.
Renasant and McGraw mutually agreed it would be in the bank's best interest for him to resign following a merger with The First Bancshares, which closed Tuesday.
The company plans to transition to a new leadership structure as part of Kevin Chapman's ascension to the position of chief executive in May. Chapman has been serving as chief operating officer of Renasant.
Renasant also increased the number of board directors to 17 from 13, adding members including The First Chief Executive M. Ray Cole and three former The First directors.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 04, 2025 16:28 ET (20:28 GMT)
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