EDGE approves PILOT for Renasant Bank headquarters

The Economic Development Growth Engine (EDGE) for Memphis and Shelby County board unanimously approved a nine-year Jobs PILOT (payment-in-lieu-of-taxes) Wednesday, Sept. 18, for Renasant Bank’s new Memphis-market headquarters.

Renasant Bank plans to build a $15.8 million, Memphis-market headquarters at 5575 Poplar Ave.

“We’ve had a presence in Memphis since we acquired Renasant Bank in 2004,” said Jim Gray, chief revenue offer of Renasant Bank, which was called Peoples Bank & Trust Company when it acquired Renasant Bancshares of Memphis. “We’re going to be here a lot longer.”

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