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M&A Deal Summary

Peoples Financial Acquires Trustmark - Corporate Trust Business

On August 15, 2022, Peoples Financial acquired financial services company Trustmark - Corporate Trust Business from Trustmark National Bank

Acquisition Highlights
  • This is Peoples Financial’s 1st transaction in the Financial Services sector.
  • This is Peoples Financial’s 1st transaction in the United States.
  • This is Peoples Financial’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2022-08-15
Target Trustmark - Corporate Trust Business
Sector Financial Services
Buyer(s) Peoples Financial
Sellers(s) Trustmark National Bank
Deal Type Divestiture

Target

Trustmark - Corporate Trust Business

Jackson, Mississippi, United States
Trustmark's Corporate Trust Business engages in providing a wide variety of trust and agency services in connection with debt securities issued by public corporations and government entities.

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Buyer(S) 1

Buyer

Peoples Financial

Biloxi, Mississippi, United States
Category Company
Sector Financial Services
DESCRIPTION

Peoples Financial Corp. is a provider of financial services in US. Peoples Trust Company operates seven offices in Greene County, Indiana.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Mississippi M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Trustmark National Bank

Jackson, Mississippi, United States
Category Company
Founded 1889
Sector Financial Services
DESCRIPTION

Trustmark National Bank engages in the personal and business banking services.

DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: Mississippi M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-26 Commonwealth Savingshares Corp - 2 Branches

United States

Commonwealth Savingshares Corp - 2 Branches provides banking products and services for individuals and businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 FBBINSURANCE

Jackson, Mississippi, United States

FBBINSURANCE provides commercial property/casualty insurance, surety, and employee benefits services to businesses and individuals across the Southeast. FBBINSURANCE was founded in 1936 and is based in Jackson, Mississippi.

Sell $316M
Mergr

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