Trustmark redeems $8.25 million Republic Bancshares trust preferreds

By Susanna Moon

Chicago, Oct. 7 - Trustmark Corp. redeemed in full the $8,248,000 outstanding Republic Bancshares Capital Trust I trust preferred securities, according to an 8-K filing with the Securities and Exchange Commission.

The redemption was effective on Oct. 7.

Trustmark assumed the liability for the Republic Trust preferreds under its acquisition of Republic Bancshares of Texas, Inc. on Aug. 25, 2006, the filing said.

In June, Trustmark's request to redeem the trust preferreds was approved by the Federal Reserve Bank of Atlanta.

The company disclosed its intent to redeem the trust preferreds in its second-quarter 10-Q filing and said the redemption will not significantly affect its regulatory capital ratios.

Trustmark is a multi-bank holding company based in Jackson, Miss.

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