Renasant Bank Acquires Republic Business Credit

TUPELO, Mich., January 3, 2023 (GLOBE NEWSWIRE) — Lunasanto Corporation (NASDAQ: RNST) (the “Company”) today announced that, effective December 30, 2022, its wholly-owned subsidiary, Renasanto Bank, Ltd., acquired Republic of Korea. announced that it had acquired All Business Credits (formerly known as Continental Republic Capital, LLC) (“RBC”) are cash transactions. RBC is a market-leading commercial finance company with average earning assets in excess of his $100 million. Founded in 2011, RBC leverages technology to provide factoring and asset-based lending solutions (“ABL”) to commercial borrowers nationwide and has delivered more than $8 billion in factoring originations alone since inception. has grown to become the premier independent commercial finance platform.

RBC will operate as a separate subsidiary of Renasant Bank and will continue to operate under its existing brand name. All of RBC’s current leadership and associates are expected to remain in positions led by Co-Founder and CEO Stewart Chesters, President Robert He Myers, and Chief Operating Officer Matthew Begley.

Mitch Waycaster, President and CEO of Lunasanto Corporation, said: “RBC has a track record of growth, profitability and strong asset quality.

Mr Chesters commented: Together, we will support more SMEs under our shared values ​​and credit discipline. Leadership of Mitch Waycaster and Renasant From our first meeting with his team, a natural cultural fit with the bank set the stage for mutual success ahead. “

RBC President Robert Meyers added, “Renasant will allow our team to continue expanding and provide our employees with incredible growth opportunities.” “This dynamic partnership with Renasanto expands access to working capital for our current clients and will better serve our referral sources and private equity partnerships with additional product offerings,” Myers said.

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Renasant was advised by the law firms of Raymond James & Associates, Inc. and Phelps Dunbar LLP. RBC was advised by the law firms of Hovde Group, LLC and Krieg Devault LLP. Terms of the deal were not disclosed.

About Renathan:
Renasant Corporation is the parent company of Renasant Bank, a 119-year-old financial services institution. Renasanto has approximately $16.5 billion in assets and operates 195 banking, lending, mortgage, wealth management and insurance offices in Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina and South Carolina.

About Continental Republic Capital:
Republic Business Credit is a nationally recognized commercial finance firm that supports the working capital requirements of companies nationwide, including private equity and entrepreneurial ventures. Republic offers asset-based lending, ledger lines of credit, traditional factoring, factoring, and Fast AR Funding. Republic partners with clients to provide senior credit facilities of up to $15 million to rapidly growing businesses, start-ups and businesses in reversible hardship.

The Republic’s expert and knowledgeable team is nationally recognized as the recipient of the 2015 Emerging Growth Company Award by the Association for Corporate Growth, with four “Top 40 Under 40” winners, It boasts two “Top Women in Secured Finance” and one “Top Women in Asset Base”. “Lending” by Secured Finance Network and ABF Journal. Headquartered in New Orleans, Republic also has offices in Chicago, Los Angeles and Houston.

Safe Port Terms:

This press release contains, or is incorporated by reference, statements about Lunasanto Corporation that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. may have been As fixed. “believe”, “expect”, “plan”, “predict”, “intend”, “estimate”, “plan”, “could”, “focus on”, “likely” Statements preceded by, followed by, or containing the words “is,” “may increase,” “may fluctuate,” “likely,” and similar expressions, or “will Future or conditional verbs such as ‘, ‘should’, ‘would’, and ‘could’ are generally forward-looking. Essentially, not historical fact. Forward-looking statements include information regarding our future financial performance, business strategy, projected plans and objectives, and are based on management’s current beliefs and expectations. Although our management believes that these forward-looking statements are reasonable, they are all inherently subject to significant business, economic and competitive risks and uncertainties. , many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions regarding future business strategies and decisions, which are subject to change. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, and investors should not place undue reliance on these forward-looking statements.

Investors agree to the risks described in the company’s filings with the Securities and Exchange Commission (“SEC”), including its most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q. is recommended to be carefully considered. They are available at www.renasant.com and the SEC’s website at www.sec.gov. We make no forward-looking statements as a result of new information or to reflect changes in assumptions, the occurrence of unanticipated events, or changes in future results over time, except as follows: We undertake no obligation, and specifically disclaim any obligation, to update or amend. Required by federal securities laws.