Add-on Acquisition • Financial Services

Trustmark Acquires Smith County Bank

On March 13, 1998, Trustmark acquired financial services company Smith County Bank for 15M USD

Acquisition Context

This is Trustmark’s 3rd transaction in the Financial Services sector.
This is Trustmark’s 6th largest (disclosed) transaction.
This is Trustmark’s 3rd transaction in the United States.
This is Trustmark’s 3rd transaction in Mississippi.

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M&A Deal Summary
Date	March 13, 1998
Target	Smith County Bank
Sector	Financial Services
Buyer(s)	Trustmark
Deal Type	Add-on Acquisition
Deal Value	15M USD
Advisor(s)	Southard Financial (Financial)

Target Company

Smith County Bank

Mississippi, United States

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

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Buyer Overview 1

Buyer

Trustmark

Jackson, Mississippi, United States

Category	Company
Founded	1889
Sector	Financial Services
Employees	2,500
Revenue	590M USD (2023)

DESCRIPTION

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 Context for Buyer	#
Overall	3 of 6
Sector: Financial Services	3 of 6
Type: Add-on Acquisition	3 of 6
State: Mississippi	3 of 3
Country: United States	3 of 6
Year: 1998	1 of 1
Size (of disclosed)	6 of 6

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
1994-10-17	First National Financial Mississippi, United States First National Financial Corp.provides banking products and services for individuals and businesses.	Buy	$57M

DATE

TARGET

DEAL TYPE

VALUE

1994-10-17

First National Financial

Mississippi, United States

First National Financial Corp.provides banking products and services for individuals and businesses.

Buy

$57M

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2001-04-06	Barret Bancorp BARRETVILLE, Tennessee, United States Barret Bancorp, Inc.provides banking products and services for individuals and businesses.	Buy	$102M

DATE

TARGET

DEAL TYPE

VALUE

2001-04-06

Barret Bancorp

BARRETVILLE, Tennessee, United States

Barret Bancorp, Inc.provides banking products and services for individuals and businesses.

Buy

$102M

Explore Related M&A Activity

Financial Services M&A - Add-on Acquisition M&A Deals - Mississippi M&A - United States M&A - 1998 M&A