Trustmark Corporation and BancTrust Financial Group Provide Merger Update
09 Octobre 2012 - 2:02PM
Business Wire
Trustmark Corporation (NASDAQ:TRMK) (“Trustmark”) and BancTrust
Financial Group, Inc. (NASDAQ:BTFG) (“BancTrust”) announced that
the definitive agreement dated May 28, 2012, pursuant to which
BancTrust will merge into Trustmark has been amended to accommodate
the closing of the merger in early 2013. As such, the latest
possible closing date for the merger has been extended from
December 31, 2012, to February 28, 2013. This extension provides
additional time in which to receive regulatory approval as well as
to ensure a smooth transition and operational conversion to
Trustmark systems in early 2013. All other material aspects of the
definitive agreement remain unchanged.
Gerard R. Host, President and CEO of Trustmark, stated,
“BancTrust and Trustmark associates have been diligently working
together to ensure a seamless experience for BancTrust customers
through the conversion and integration process. We are very pleased
with our progress thus far. Recognizing that regulatory approvals
may not be obtained in time for the merger and integration
processes to be completed prior to year-end, we worked together
with BancTrust management and developed a revised timeline that we
thought was best for all concerned. We anticipate regulatory
approvals later this year or in early 2013, and we are planning for
a closing in late January, but no later than February 28,
2013.”
W. Bibb Lamar, Jr., President and CEO of BancTrust commented,
“With the overwhelming shareholder support for this merger shown at
our special shareholders’ meeting on September 26, we remain
convinced that we are on the right path. We are extending our
timeline to minimize any potential customer disruption,
particularly during the holiday season. We remain fully committed
to this transaction and look forward to becoming part of the
Trustmark organization.”
About Trustmark Corporation
Trustmark is a financial services company providing banking and
financial solutions through approximately 170 offices in Florida,
Mississippi, Tennessee and Texas.
About BancTrust Financial Group, Inc.
BancTrust Financial Group, Inc. is a registered bank holding
company headquartered in Mobile, Alabama. BancTrust provides an
array of traditional financial services through 40 bank offices in
the southern two thirds of Alabama and nine bank offices
in northwest Florida.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. You can identify forward-looking statements by words such as
“may,” “will,” “anticipate,” “intend,” “potential,” “could,”
“future” or the negative of those terms or other words of similar
meaning. You should read statements that contain these words
carefully because they discuss our future expectations or state
other “forward-looking” information. These forward-looking
statements involve a number of risks and uncertainties. Trustmark
and BancTrust caution readers that any forward-looking statement is
not a guarantee of future performance and that actual results could
differ materially from those contained in the forward-looking
statement. Such forward-looking statements include, but are not
limited to, statements about the benefits of the proposed merger
involving Trustmark and BancTrust, Trustmark’s and BancTrust’s
plans, objectives, expectations and intentions, the expected timing
of completion of the transaction, and other statements that are not
historical facts. Important factors that could cause actual results
to differ materially from those indicated by such forward-looking
statements are set forth in Trustmark’s and BancTrust’s filings
with the SEC. These include risks and uncertainties relating to:
the risk that Trustmark or BancTrust may be unable to obtain
governmental and regulatory approvals required for the merger, or
required governmental and regulatory approvals may delay the merger
or result in the imposition of conditions that could cause the
parties to abandon the merger; the risk that a condition to closing
of the merger may not be satisfied; the timing to consummate the
proposed merger; the risk that the businesses will not be
integrated successfully; disruption from the transaction making it
more difficult to maintain relationships with customers, employees
or suppliers; the diversion of management time on merger-related
issues; and other factors discussed or referred to in the “Risk
Factors” section of each of Trustmark’s and BancTrust’s most recent
Annual Report on Form 10-K filed with the SEC. Each forward-looking
statement speaks only as of the date of the particular statement
and neither Trustmark nor BancTrust undertakes any obligation to
publicly update any forward-looking statement, whether as a result
of new information, future events or otherwise.
Banctrust Financial (NASDAQ:BTFG)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Banctrust Financial (NASDAQ:BTFG)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024