Renasant Bank announced the formation of its Equipment Financing Division.  The new division will be based in Birmingham, and it will provide financing to a wide variety of industries throughout Alabama, Georgia, Tennessee and Mississippi.  Renasant Equipment Financing will offer financial structures for a range of commercial equipment types including vehicles, utility equipment, cranes, medical equipment, construction equipment, industrial equipment, machine tools and telecommunications.

The division will be led by Patti Reid, Senior Vice President and Manager of Equipment Finance.  Joining Reid are Montise Waldrep, Senior Vice President and Operations Manager and Jimmy Snider, Vice President and Commercial Relationship Manager.   

Reid has 33 years of experience in the banking and equipment finance industry.  In addition to managing the leasing and finance department for RBC (USA), Reid has worked at First American, AmSouth and SouthTrust Bank.  Most recently, Reid practiced law with the Marks & Weinberg, PC, law firm, engaging in transactional work concentrated in equipment leasing, contract negotiation and documentation.

Waldrep brings more than three decades of experience managing the operational aspects of bank leasing companies. Prior to joining Renasant, Waldrep worked for a private leasing company, as well several large regional banks, managing accounting, asset-based lending, credit and equipment finance departments. 

Snider has worked in banking and the equipment finance and leasing industry for more than 30 years. Prior to joining Renasant Bank, he held senior management positions with both regional and community banks.

Renasant Corporation, a 110-year-old financial services institution, is the parent of Renasant Bank and Renasant Insurance. Renasant has assets of approximately $5.7 billion and operates over 120 banking, mortgage, financial services and insurance offices in Mississippi, Tennessee, Alabama and Georgia.