Following a recent meeting of the Board of Directors of Renasant Bank, E. Robinson McGraw, chairman and chief executive officer, announced that Mike Knuckles has joined Renasant Bank as executive vice president and division manager to lead its newly created Renasant Business Credit Division which is focused on asset-based lending.
This new division, headquartered in Atlanta, GA, will be focused on providing Renasant’s asset-based lending solutions to companies whose credit needs are $1 million or more. These companies are in traditional industries such as manufacturing, wholesale distribution and business-to-business services within the southeastern region of the United States.
Knuckles, who has over 25 years of asset-based lending experience with several national and regional banks, will be responsible for bringing the new Renasant Business Credit Division to the market, managing its lending team and building its initial book of business.
“Renasant has a tremendous corporate culture, excellent capital structure and a proven history of consistent profitability,” said Knuckles. “I am delighted to join the Renasant team and look forward to delivering customized asset-based lending solutions to our current and future southeastern region clientele.”
Knuckles received his degree in Finance from the University of Kentucky and completed an in-house MBA equivalent program with a major Fortune 500 company. In addition, he will become a board member of the Commercial Finance Association, and he completed the CFA Leadership Institute Program in 2004.
Mike Ross, Renasant eastern division president, added, “We are very pleased to have Knuckles leading our new asset-based lending team. His experience level and professionalism are a welcome addition to Renasant. Asset-based lending is an important component in our efforts to expand our overall commercial and industrial loan portfolio, and we look forward to Knuckles leadership in this area.”
Renasant Corporation, a 108-year-old financial services institution, is the parent of Renasant Bank and Renasant Insurance. Renasant has assets of approximately $4.2 billion and operates over 75 banking, mortgage, financial services and insurance offices in Mississippi, Tennessee, Alabama and Georgia.