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Covington Advises Trustmark on $215 Million Sale to U.S. Treasury


NEW YORK, NY, November 21, 2008 — Trustmark Corporation announced today that it completed the issuance and sale of $215 million of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, and a Warrant to purchase approximately 1.65 million shares of Trustmark common stock to the U.S. Treasury as part of the government’s Capital Purchase Program. The Capital Purchase Program, established by the U.S. Department of Treasury under the Emergency Economic Stabilization Act of 2008, is a voluntary initiative pursuant to which healthy U.S. banking institutions that are approved for participation in the program issue senior preferred stock and a warrant to purchase common stock to Treasury. The program is designed to support the economy by increasing the Tier 1 capital levels of the participating banks, thus enhancing their financial stability as well as their ability to offer financing to businesses and consumers. Covington & Burling LLP advised Trustmark on the transaction.

Trustmark is a financial services company providing banking and financial solutions with more than 150 offices in Florida, Mississippi, Tennessee, and Texas.

The Covington team was led by corporate partner Bruce Bennett and included associates Jeremy Hirsh and Richard Kruger. All are based in the firm’s New York office.

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