Renasant Officials: Local Bank Employees will be Retained
July 28, 2010BARTOW COUNTY EXPERIENCED ITS SECOND MAJOR BANK TAKEOVER IN THE LAST SIX MONTHS WHEN CRESCENT BANK WAS SHUT DOWN LAST WEEK IN A JOINT EFFORT BY THE FDIC AND THE GEORGIA DEPARTMENT OF BANKING AND FINANCE. RENASANT BANK OF MISSISSIPPI AGREED TO PURCHASE CRESCENT AND ITS ASSETS, AND NOW CONTROLS THE 11 FORMER BRANCHES OF THE ONCE LOCAL BUSINESS.
RENASANT’S NEW GEORGIA REGIONAL PRESIDENT MARK WILLIAMS WILL OVERSEE ALL OPERATIONS FOR RENASANT HERE IN BARTOW COUNTY AND ACROSS THE STATE. WHILE ACKNOWLEDGING THAT THE RECESSION HAS BROUGHT LOCAL GROWTH TO A HALT, WILLIAMS BELIEVES THAT ONCE THE ECONOMY TURNS AROUND, RENASANT WILL BE IN AN ENVIABLE POSITION THANK TO ITS NEW FOOTHOLD IN NORTHWEST GEORGIA.
WILLIAMS SAYS RENASANT WILL “ABSOLUTELY” RETAIN THE VAST MAJORITY OF CRESCENT BANK’S FORMER STAFF. HE SAYS THAT HE HAS INFORMED HIS GEORGIA EMPLOYEES THAT THE LOAN SIDE OF CRESCENT BANK, WHICH HAD BEEN DORMANT, IS ONCE AGAIN OPEN FOR BUSINESS.
RENASANT BANK WAS FOUNDED IN 1904 AND IS HEADQUARTERED IN TUPELO, MISSISSIPPI.
