SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
December 9, 2003
Date of Report (Date of earliest event reported)
TRUSTMARK CORPORATION
(Exact name of registrant as specified in its charter)
Mississippi 0-3683 64-0471500
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
248 East Capitol Street
Jackson, MS 39201
(Address, including zip code, of principal executive office)
(601) 208-5111
(Registrant's telephone number, including area code)
Item 5. Other Events
On December 9, 2003, Trustmark Corporation (NASDAQ:TRMK) and Allied Houston
Bank, Houston, Texas, announced the signing of a definitive Branch Purchase and
Assumption Agreement pursuant to which Trustmark National Bank will acquire five
branches of Allied Houston Bank serving the greater Houston market for a $10
million deposit premium.
The Agreement contemplates the assumption of selected deposit accounts of
approximately $160 million, the purchase of selected loan accounts of
approximately $158 million and the operation of five Allied Houston Bank branch
locations. At November 30, 2003, Allied Houston Bank deposits and loans totaled
approximately $198 million and $178 million, respectively. The proposed
transaction, which is subject to approval by regulatory authorities and Allied
Houston shareholders, is expected to close during the first quarter of 2004.
Richard G. Hickson, Chairman and CEO of Trustmark, stated, "We are delighted to
expand the Trustmark franchise into the dynamic Houston market. The associates
of Allied Houston Bank share our dedication to providing superior customer
satisfaction. The customers of these branches and the demographics of this
market represent an outstanding opportunity for Trustmark. We look forward to
growing our franchise in this most desirable market."
George R. Farish, Chairman of Allied Houston Bank, commented, "This is a
significant transaction for Allied Houston Bank and our shareholders. Trustmark
will be gaining five excellent branch locations with outstanding employees and a
solid customer base."
In order to facilitate its entry into Texas, Trustmark has signed a definitive
agreement to acquire an existing Texas state bank charter from an unrelated
party. The merger of the Texas state bank charter into Trustmark National Bank
will provide Trustmark the authority to conduct business throughout Texas.
Trustmark will not be acquiring any loans or deposits as part of the charter
acquisition, which is subject to regulatory approval and expected to be
completed early in the first quarter of 2004.
Trustmark is a financial services company providing banking and financial
solutions through over 140 offices and 2,350 associates in Mississippi,
Tennessee and Florida. For additional information, visit Trustmark's web site at
www.trustmark.com
Forward Looking Statements by Trustmark Corporation
This press release contains forward-looking statements within the meaning of and
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. A forward-looking statement in this press release
encompasses any estimate, prediction, expectation, projection, opinion,
anticipation, outlook or statement of belief included therein, as well as the
management assumptions underlying those forward-looking statements. Factors that
might cause future results to differ from such forward-looking statements are
described in Trustmark's filings with the Securities and Exchange Commission.
Trustmark undertakes no obligation to update or revise any of this information,
whether as the result of new information, future events or developments, or
otherwise.
Trustmark's investor contact is Zach Wasson, Executive Vice President and Chief
Financial Officer (601-208-6816). Trustmark's media contact is Gray Wiggers,
Senior Vice President (601-208-5942).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRUSTMARK CORPORATION
BY: /s/ Louis E. Greer
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Louis E. Greer
Chief Accounting Officer
DATE: December 9, 2003