The Treasury Department announced Friday that Trustmark Corp. had repaid capital borrowed from the government.

The Treasury said in a report that the Jackson, Miss.-based Trustmark repaid $215 million in capital received in November 2008.

Trustmark said the repurchase of the preferred stock will prompt a one-time, noncash charge of about $8.2 million in the fourth quarter. — Dow Jones

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.