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Trustmark Buys Back Preferred Shares From Treasury

December 10, 2009 (FinancialWire) — Trustmark Corp. (NASDAQ: TRMK) said it has completed the repurchase of its 215,000 shares of Fixed Rate Cumulative Perpetual preferred stock, series A, from the U. S. Treasury Department at a purchase price of $215.0 million plus a final accrued dividend of $716.7 thousand.

The preferred stock and a warrant to purchase 1,647,931 shares of common stock were issued to the Treasury Department in November 2008 under the Capital Purchase Program.

Trustmark said it plans to seek agreement with the Treasury Department for the repurchase of the warrant.

The repurchase of the preferred stock will result in a one-time, non-cash charge of approximately $8.2 million, or $0.14 per share, in Trustmark’s fourth quarter financial statements for the unaccreted discount recorded at the date of issuance of the preferred stock.

Mississippi-based Trustmark is a financial services company providing banking and financial solutions through over 150 offices and 2,600 associates in Florida, Mississippi, Tennessee and Texas.

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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279). Recently issued reports and/or recorded webcasts include Aria International Holdings, Inc. (OTCBB: ARAH), Continental Materials Corp. (AMEX: CUO), Darling International, Inc. (NYSE: DAR), Document Security Systems, Inc. (AMEX: DMC), and Juhl Wind, Inc. (OTCBB: JUHL).

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