Trustmark National Bank to purchase Oxford, MS branch offices of SOUTHBank, F.S.B. Business Wire JACKSON, Miss. -- March 29, 2013 Trustmark National Bank, a subsidiary of Trustmark Corporation (NASDAQ:TRMK), today announced the signing of a definitive Branch Purchase and Assumption Agreement pursuant to which it will acquire the two branches of SOUTHBank, F.S.B., serving the Oxford, Mississippi, market. The Agreement contemplates the assumption of selected deposit accounts of approximately $11.8 million as well as the purchase of the physical branch offices. The proposed transaction, which is subject to regulatory approval and customary closing conditions, is expected to be completed during the summer of 2013. Gerard R. Host, President and CEO of Trustmark, stated, “We look forward to welcoming the Oxford customers and associates of SOUTHBank to the Trustmark family. This transaction provides our existing Oxford customers with the added convenience of well-positioned banking offices on the Courthouse Square and Jackson Avenue. We will be communicating directly with each deposit customer of SOUTHBank’s Oxford offices with detailed information about the transition of their deposit accounts to Trustmark. At this time, SOUTHBank and Trustmark customers should continue to conduct their banking business as usual, using existing branches, checks and ATM or debit cards. Following system changes and conversion, customers of SOUTHBank’s Oxford offices will have an expanded offering of products and services, as well as the added convenience provided by approximately 220 Trustmark banking centers in Alabama, Florida, Mississippi, Tennessee and Texas.” Additional Information Trustmark Corporation is a financial services company providing banking and financial solutions through approximately 220 offices in Alabama, Florida, Mississippi, Tennessee and Texas. Forward-Looking Statements Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such as “may,” “hope,” “will,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “continue,” “could,” “future” or the negative of those terms or other words of similar meaning. You should read statements that contain these words carefully because they discuss our future expectations or state other “forward-looking” information. These forward-looking statements include, but are not limited to, statements relating to anticipated future operating and financial performance measures, including net interest margin, credit quality, business initiatives, growth opportunities and growth rates, among other things, and encompass any estimate, prediction, expectation, projection, opinion, anticipation, outlook or statement of belief included therein as well as the management assumptions underlying these forward-looking statements. You should be aware that the occurrence of the events described under the caption “Risk Factors” in Trustmark’s filings with the Securities and Exchange Commission could have an adverse effect on our business, results of operations and financial condition. Should one or more of these risks materialize, or should any such underlying assumptions prove to be significantly different, actual results may vary significantly from those anticipated, estimated, projected or expected. Risks that could cause actual results to differ materially from current expectations of Management include, but are not limited to, changes in the level of nonperforming assets and charge-offs, local, state and national economic and market conditions, including the extent and duration of the current volatility in the credit and financial markets, changes in our ability to measure the fair value of assets in our portfolio, material changes in the level and/or volatility of market interest rates, the performance and demand for the products and services we offer, including the level and timing of withdrawals from our deposit accounts, the costs and effects of litigation and of unexpected or adverse outcomes in such litigation, our ability to attract noninterest-bearing deposits and other low-cost funds, competition in loan and deposit pricing, as well as the entry of new competitors into our markets through de novo expansion and acquisitions, economic conditions, including the potential impact of the European financial crisis on the U.S. economy and the markets we serve, and monetary and other governmental actions designed to address the level and volatility of interest rates and the volatility of securities, currency and other markets, the enactment of legislation and changes in existing regulations, or enforcement practices, or the adoption of new regulations, changes in accounting standards and practices, including changes in the interpretation of existing standards, that affect our consolidated financial statements, changes in consumer spending, borrowings and savings habits, technological changes, changes in the financial performance or condition of our borrowers, changes in our ability to control expenses, changes in our compensation and benefit plans, greater than expected costs or difficulties related to the integration of acquisitions or new products and lines of business, natural disasters, environmental disasters, acts of war or terrorism, the ability to maintain relationships with customers, employees or suppliers as well as the ability to successfully integrate the business and realize cost savings and any other synergies from the BancTrust Financial Group, Inc., (BancTrust) merger as well as the risk that the credit ratings of the combined company or its subsidiaries may be different from what the companies expect, and other risks described in our filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Except as required by law, we undertake no obligation to update or revise any of this information, whether as the result of new information, future events or developments or otherwise. Contact: Trustmark Corporation Investor Contacts: Louis E. Greer, 601-208-2310 Treasurer and Principal Financial Officer or F. Joseph Rein, Jr., 601-208-6898 Senior Vice President or Media Contact: Melanie A. Morgan, 601-208-2979 Senior Vice President
Trustmark National Bank to purchase Oxford, MS branch offices of SOUTHBank, F.S.B.
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