Trustmark (bank)

(Redirected from Trustmark Bank)

Trustmark Corporation is a bank holding company headquartered in Jackson, Mississippi. It provides banking services and wealth management services. The bank serves Mississippi, Alabama, the Florida Panhandle, Memphis, and Houston. As of December 31, 2023, the bank operated 163 full-service branches, 7 limited-service branches, and 131 ATMs.[1]

Trustmark Corporation
Company typePublic company
NasdaqTRMK
S&P 600 component
Russell 2000 Index component
IndustryBanking
Financial services
PredecessorsThe Jackson Bank
Jackson State National Bank
First National Bank
First Capital Corporation
FoundedNovember 14, 1889; 134 years ago (1889-11-14) (as The Jackson Bank)
1949; 75 years ago (1949) (as First National Bank of Jackson)
1968; 56 years ago (1968) (as First Capital Corporation)
September 17, 1985; 39 years ago (1985-09-17) (as Trustmark National Bank)
Headquarters
Area served
Mississippi
Alabama
Florida
Tennessee
Texas
Key people
Gerard R. Host, President and CEO
Duane A Dewey, COO
William G. Yates, Director
ProductsRetail banking
Commercial bank
Credit cards
Mortgage loans
RevenueIncrease $878 million (2023)
Increase $165 million (2023)
Total assetsIncrease $18.722 billion (2023)
Total equityIncrease $1.661 billion (2023)
Number of employees
2,757 (2023)
Websitewww.trustmark.com
Footnotes / references
[1]

History

edit

The bank traces its roots to The Jackson Bank, which was chartered by the State of Mississippi in December 1889 with cash capital of $100,000.[1] It first president was P.W. Peeples.[2]

In 1998, the company acquired Bottrell Insurance.[3]

In 2011, the bank acquired Heritage Banking Group in a transaction facilitated by the Federal Deposit Insurance Corporation.[4]

In 2012, the bank acquired Bay Bank & Trust Co.[5]

In 2017, Trustmark acquired Reliance Bank.[6]

In 2022, the company sold its corporate trust business.[7]

In 2024, the company sold Fisher Brown Bottrell Insurance to Marsh McLennan for $345 million.[8]

References

edit
  1. ^ a b c "Trustmark Corporation 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 14, 2024.
  2. ^ Memoirs of Mississippi. Pelican Publishing Company. ISBN 9781455601196.
  3. ^ "The Bottrell Agency To Become Commercial Part Of Trustmark". Property & Casualty. December 10, 1998.
  4. ^ "Trustmark acquires Heritage Banking Group". American City Business Journals. April 18, 2011.
  5. ^ "Trustmark completes acquisition of Florida bank". Northeast Mississippi Daily Journal. March 19, 2012.
  6. ^ Wade, Maggie (April 11, 2017). "Trustmark Corporation completes purchase of Reliance Bank". WLBT.
  7. ^ "Trustmark Completes Sale of Corporate Trust Business to The Peoples Bank, Biloxi, Mississippi" (Press release). PR Newswire. August 15, 2022.
  8. ^ "Covington Represents Trustmark In Its $345M Sale of Fisher Brown Bottrell Insurance" (Press release). Covington & Burling. May 1, 2024.
edit
  • Business data for Trustmark Corporation: