Trustmark wraps up public offering
by Wally Northway
Published: December 8,2009
Tags: banking and finance, publicly-traded companies, stocks and bonds
JACKSON — Trustmark Corporation has closed on its previously announced public offering of 6,216,216 shares of its common stock, including 810,810 shares issued pursuant to the exercise of the underwriters’ over-allotment option, at a price of $18.50 per share.
Trustmark received net proceeds of approximately $109.3 million after deducting underwriting discounts, commissions and estimated offering expenses.
Richard G. Hickson, Chairman and CEO, stated, “We are extremely pleased with the reception in the marketplace of this follow-on offering of common stock. The results of this offering provide Trustmark additional flexibility and enhance our competitive position.”
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