Republic Business Credit appointed Robert Meyers as Chief Executive Officer, the company announced. Meyers, who served as President and Chief Commercial Officer for the past decade, succeeds co-founder Stewart Chesters, who will assume the role of President and serve as Interim Chief Credit Officer.

Republic Business Credit is a wholly owned subsidiary of Renasant Bank, which is owned by Renasant Corporation (NYSE: RNST). The company provides asset-based lending, recourse factoring, traditional factoring and e-commerce lending up to $20 million in senior credit facilities.

"Rob has demonstrated exceptional leadership, a deep commitment to our partnership approach, and a clear vision for the future," Chesters said in a statement. "His ambition and adaptability have been central to our success, and the time was right to align our management structure with the future in mind."

Under Meyers' co-leadership, Republic expanded from one office in New Orleans with five employees and one client to five offices across the country with over 40 employees and hundreds of clients across 30 states. The company is celebrating its 15th anniversary.

Meyers previously worked at Bibby Financial Services, where he rose to Head of Sales and Managing Director. He earned an MBA from Northwestern University's Kellogg School of Management in 2017 and partnered with a family office to lead a buyout of Republic in April 2016. He was appointed President in 2017 and served as President of the Secured Finance Network in 2025.

Republic transitioned from an independent finance company to a Renasant Bank subsidiary in 2023. Renasant Bank Chief Corporate Banking Officer Curtis Perry said the Republic leadership team has consistently exceeded expectations.

Chesters will continue focusing on mergers and acquisitions, credit, artificial intelligence, and client support initiatives in his new role.