Renasant Bank announced the expansion of its asset-based lending division with the addition of Dennis Phelps. Phelps will based in its Riverwood office in Atlanta.

Phelps has been appointed  as a SVP/ Relationship Manager.  In his new role, he will have responsibility for originating, underwriting, closing and managing asset based loan relationships  throughout the Southeastern U.S.

Mike Knuckles, Renasant ABL Division Manager, said, “We are delighted to have Dennis join our Renasant Business Credit Team. He is a well known asset-based lender that has been successful in the southeast for many years. Our target client base will benefit greatly from his lending expertise and his relationship approach. We look forward to his many contributions in the years to come." 

Renasant Corporation, a 110-year-old financial services institution, is the parent of Renasant Bank and Renasant Insurance.  Renasant has assets of approximately $6 billion as of  March 31, 2014.  Renasant operates over 120 banking, mortgage, financial services and insurance offices in Alabama, Georgia, Mississippi and Tennessee.