JACKSON, Miss.--(BUSINESS WIRE)--Aug. 10, 2006--
Trustmark Corporation (NASDAQ:TRMK) announced that the
Office of the Comptroller of the Currency has approved the proposed
merger of its subsidiary, Trustmark National Bank with Republic
National Bank, the subsidiary of Republic Bancshares of Texas, Inc.
The Board of Governors of the Federal Reserve System previously
approved the merger of Trustmark Corporation and Republic Bancshares
of Texas, Inc. Pending approval of Republic's shareholders at a
special meeting to be held on August 17, Trustmark expects the
transaction to be completed at the close of business on August 25,
2006.
Republic Bancshares of Texas, Inc. has six banking centers in
Houston with $474 million in loans and $543 million in deposits as of
June 30, 2006.
Trustmark is a financial services company providing banking and
financial solutions through over 145 offices and 2,600 associates in
Florida, Mississippi, Tennessee and Texas. For additional information,
visit our website at www.trustmark.com.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this document are not statements
of historical fact and constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to,
statements relating to anticipated future operating and financial
performance measures, including net interest margin, credit quality,
business initiatives, growth opportunities and growth rates, among
other things and encompass any estimate, prediction, expectation,
projection, opinion, anticipation, outlook or statement of belief
included therein as well as the management assumptions underlying
these forward-looking statements. Should one or more of these risks
materialize, or should any such underlying assumptions prove to be
significantly different, actual results may vary significantly from
those anticipated, estimated, projected or expected.
These risks could cause actual results to differ materially from
current expectations of Management and include, but are not limited
to, changes in the level of nonperforming assets and charge-offs,
local, state and national economic and market conditions, material
changes in market interest rates, the costs and effects of litigation
and of unexpected or adverse outcomes in such litigation, competition
in loan and deposit pricing, as well as the entry of new competitors
into our markets through de novo expansion and acquisitions, changes
in existing regulations or the adoption of new regulations, natural
disasters, acts of war or terrorism, changes in consumer spending,
borrowings and savings habits, technological changes, changes in the
financial performance or condition of Trustmark's borrowers, the
ability to control expenses, changes in Trustmark's compensation and
benefit plans, greater than expected costs or difficulties related to
the integration of, or a material delay in closing of, the Republic
Bancshares of Texas merger, greater than expected costs or
difficulties related to the integration of new products and lines of
business and other risks described in Trustmark Corporation's filings
with the Securities and Exchange Commission.
Although Management believes that the expectations reflected in
such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to be correct. 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.
Source: Trustmark Corporation
Contact: Trustmark Corporation, Jackson
Investors:
Zach Wasson, 601-208-6816
or
Joseph Rein, 601-208-6898
or
Media:
Gray Wiggers, 601-208-5942