Trustmark wraps up public offering

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.”

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

Top Posts & Pages