Peoples Financial completes acquisition of Trustmark corporate trust business

PEOPLES FINANCIAL CORP /MS/

Trustmark sold substantially all assets of its Corporate Trust business to The Peoples Bank (Peoples Financial subsidiary).
Approximately 200 bond issues were transitioned to The Peoples Bank.
Trustmark will continue Wealth Management Division services (private banking, brokerage, trust, etc.).
Transaction closed on August 15, 2022; no financial terms disclosed.

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