Renasant Corporation, the parent company of Renasant Bank, headquartered in Mississippi, USA, has announced that its President and COO, Kevin Chapman, will assume the role of CEO for both the bank and the corporation.
Chapman will take over from Renasant’s current CEO, Mitchell Waycaster, who is set to step down in May 2025. Following his tenure as CEO, Waycaster will continue as Executive Vice Chairman for both Renasant Corporation and its banking subsidiary.
In a joint statement regarding Chapman’s promotion, Renasant’s Executive Chairman, Edward Robinson McGraw, and Waycaster hailed the new CEO as a “dynamic leader” with a deep understanding of both “corporate banking strategy and the financial services marketplace.”
Chapman, who will retain his current title and responsibilities as President of both the corporation and the bank, has been part of Renasant Bank since 2005, serving in various roles such as Chief Strategy Officer and Corporate Accounting Officer. Additionally, since 2011, Chapman has served as CFO of both the corporation and the bank.
Established in 1904, Renasant Bank recently reported its first-quarter earnings, revealing deposits and loans totaling $14.2 billion and $12.5 billion, respectively, indicating growth compared to the same quarter in 2023.
In other news, the North American financial sector witnessed a leadership change last week as Canadian Software-as-a-Service (SaaS) fintech Zafin announced Charbel Safadi as its new CEO, succeeding Al Karim Somji, who held the position for over two decades.
Source: fintechfutures.com
