M&A Deal Summary

Trustmark Acquires First National Financial

On October 17, 1994, Trustmark acquired financial services company First National Financial for 57M USD

Acquisition Highlights
  • This is Trustmark’s 2nd transaction in the Financial Services sector.
  • This is Trustmark’s 2nd largest (disclosed) transaction.
  • This is Trustmark’s 2nd transaction in the United States.
  • This is Trustmark’s 2nd transaction in Mississippi.

M&A Deal Summary
Date 1994-10-17
Target First National Financial
Sector Financial Services
Buyer(s) Trustmark
Deal Type Add-on Acquisition
Deal Value 57M USD
Advisor(s) Sheshunoff & Co. Investment Banking (Financial)

Target

First National Financial

Mississippi, United States
First National Financial Corp.provides banking products and services for individuals and businesses.

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Buyer(S) 1

Buyer

Trustmark

Jackson, Mississippi, United States
Category Company
Founded 1889
Sector Financial Services
Employees2,515
Revenue 658M USD (2023)
DESCRIPTION
RSA Trustmark building in downtown Mobile, Alabama.
RSA Trustmark building in downtown Mobile, Alabama.

Trustmark provides banking and financial services. Trustmark was founded in 1889 and is based in Jackson, Mississippi.

DEAL STATS #
Overall 2 of 6
Sector (Financial Services) 2 of 6
Type (Add-on Acquisition) 2 of 6
State (Mississippi) 2 of 3
Country (United States) 2 of 6
Year (1994) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-07-30 UniSouth Banking

Columbus, Mississippi, United States

UniSouth Banking Corp.provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments.

Buy $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-13 Smith County Bank

Mississippi, United States

Smith County Bank provides banking products and services for individuals and businesses.

Buy $15M
Mergr

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