Trustmark Corporation, parent of Jackson, Miss.-based Trustmark National Bank, announced today it will acquire Fisher-Brown Inc., an insurance agency in northwest Florida.
Fisher-Brown will become a wholly owned subsidiary of Trustmark, pending regulatory approval.
Fisher-Brown was founded in 1911 and provides risk management insurance to businesses and individuals.
Trustmark chairman and CEO Richard G. Hickson said the transaction is expected to be completed later this year.
Fisher-Brown has annual revenue of $16 million and a staff of 125. It is headquartered in Pensacola, Fla., and has offices in Milton, Mary Esther, Destin and Panama City.
Hickson said the transaction “complements our growing banking presence in Florida’s vibrant Gulf Coast.”
Fisher-Brown president and CEO Gil Bennett said Trustmark “is a strong financial partner that will enhance our ability to grow and serve the dynamic Florida Panhandle marketplace.”
Trustmark National Bank has 145 branches and 2,450 employees in Mississippi, Florida, Tennessee and Texas.
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