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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Trustmark Corporation
Actual Acquirer: Trustmark Corporation
Target: Nashoba Bancshares, Inc.
Deal Type: Bank & Thrift Company
Agreement Date9/7/2001
Announcement Date9/7/2001
Announced Deal Value ($M)27.55
Completion Date12/14/2001
Announced Deal Value Per Share ($)36.27
Consideration Breakout
Cash ($M)27.6
Deal Pricing Ratios
Price / Book (%)224.2217.7
Price / Tangible Book (%)224.2217.7
Price / Earnings (x)19.619.0
Price / Deposits (%)17.5118.11
Price / Assets (%)15.2915.55
Tangible Book Premium/ Deposits (%)13.7113.38
Deal Terms
Description of Consideration
Trustmark paid $36.2709 per share in cash for each outstanding share of Nashoba Bancshares. Seller's financials are for Nashoba Bank.
Accounting MethodPurchase
In-State Transaction?No
Merger of Equals?No
Geographic Expansion?In Market
Goodwill Generated ($000)14,000
Estimated Cost Savings (%)10.00
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)0.00
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNo
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)3,000
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesBrunini Grantham Grower Hewes
SellerYesMiller & Martin PLLC

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