M&A Deal Summary

Trustmark Acquires Barret Bancorp

On April 6, 2001, Trustmark acquired financial services company Barret Bancorp for 102M USD

Acquisition Highlights
  • This is Trustmark’s 4th transaction in the Financial Services sector.
  • This is Trustmark’s largest (disclosed) transaction.
  • This is Trustmark’s 4th transaction in the United States.
  • This is Trustmark’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2001-04-06
Target Barret Bancorp
Sector Financial Services
Buyer(s) Trustmark
Deal Type Add-on Acquisition
Deal Value 102M USD
Advisor(s) Baker, Donelson, Bearman, Caldwell & Berkowitz (Legal)

Target

Barret Bancorp

BARRETVILLE, Tennessee, United States
Barret Bancorp, Inc.provides banking products and services for individuals and businesses.

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Buyer(S) 1

Buyer

Trustmark

Jackson, Mississippi, United States

website

Category Company
Founded 1889
Sector Financial Services
Employees2,793
Revenue 610M USD (2020)
DESCRIPTION
RSA Trustmark building in downtown Mobile, Alabama.
RSA Trustmark building in downtown Mobile, Alabama.

Trustmark provides banking and financial services. Trustmark now has more than 220 offices in Alabama, Florida, Mississippi, Tennessee and Texas. Trustmark was founded in 1889 and is based in Jackson, Mississippi.

DEAL STATS #
Overall 4 of 6
Sector (Financial Services) 4 of 6
Type (Add-on Acquisition) 4 of 6
State (Tennessee) 1 of 2
Country (United States) 4 of 6
Year (2001) 1 of 2
Size (of disclosed) 1 of 6
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-14 Nashoba Bancshares

MEMPHIS,, Tennessee, United States

Nashoba Bancshares, Inc.provides banking products and services for individuals and businesses.

Buy $28M
Mergr

Product

Company

Legal