Other Events ·
On September 3, 2026, Trustmark Bank sold 34 branch properties to Blue Owl Real Estate Capital for $91.7 million and…
TRMKTrustmark Corp
On September 3, 2026, Trustmark Bank sold 34 branch properties to Blue Owl Real Estate Capital for $91.7 million and simultaneously entered into triple net lease agreements with an initial aggregate annual rent of $6.4 million subject to 1.5% annual escalation. The sale-leaseback transaction generated a pre-tax gain of approximately $61.5 million. Concurrently, the company restructured its investment securities portfolio by selling $629.9 million in lower-yielding assets (weighted-average yield ~1.4%) and purchasing $628.0 million in higher-yielding assets (weighted-average yield ~5.0%), resulting in a pre-tax loss of approximately $61.5 million that offsets the real estate gain. Trustmark Corporation operates as a financial holding company providing banking and insurance services.