Renasant Bank announced the expansion of its Asset-Based Lending division with the addition of Dennis Phelps. He will be based in the Riverwood office in Atlanta. Phelps has been appointed as a SVP/relationship manager.

In his new role with Renasant, Phelps 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.”