The Peoples Bank completed the acquisition of the corporate trust business of Trustmark.

The Peoples Bank, a wholly-owned subsidiary of Peoples Financial, completed the acquisition of the corporate trust business of Trustmark, a diversified financial services company. Financial terms are not disclosed. "This transition supports our focus on strategic initiatives that will help our company grow, become more efficient and serve our customers with new and innovative products and services as we move forward. The seamless transition process of the Corporate Trust business portfolio to The Peoples Bank has underscored our confidence that this transaction will be positive for the Corporate Trust customers. We are most pleased that these customers will enjoy the same level of service from The Peoples Bank team that they have come to expect from Trustmark," Duane Dewey, Trustmark President and CEO.