Trustmark (bank)
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| Company type | Public company |
|---|---|
| Nasdaq: TRMK S&P 600 component Russell 2000 Index component | |
| Industry | Banking Financial services |
| Predecessors | The Jackson Bank Jackson State National Bank First National Bank First Capital Corporation |
| Founded | November 14, 1889 (as The Jackson Bank) 1949 (as First National Bank of Jackson) 1968 (as First Capital Corporation) September 17, 1985 (as Trustmark National Bank) |
| Headquarters | Jackson, Mississippi, U.S. |
Area served | Mississippi Alabama Florida Tennessee Texas |
Key people | Gerard R. Host, President and CEO Duane A Dewey, COO William G. Yates, Director |
| Products | Retail banking Commercial bank Credit cards Mortgage loans |
| Revenue |  $878 million (2023) |
| $165 million (2023) | |
| Total assets | $18.722 billion (2023) |
| Total equity | $1.661 billion (2023) |
Number of employees | 2,757 (2023) |
| Website | www |
| Footnotes / references [1] | |
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]
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]- ^ a b c "Trustmark Corporation 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 14, 2024.
- ^ Memoirs of Mississippi. Pelican Publishing Company. ISBN 9781455601196.
- ^ "The Bottrell Agency To Become Commercial Part Of Trustmark". Property & Casualty. December 10, 1998.
- ^ "Trustmark acquires Heritage Banking Group". American City Business Journals. April 18, 2011.
- ^ "Trustmark completes acquisition of Florida bank". Northeast Mississippi Daily Journal. March 19, 2012.
- ^ Wade, Maggie (April 11, 2017). "Trustmark Corporation completes purchase of Reliance Bank". WLBT.
- ^ "Trustmark Completes Sale of Corporate Trust Business to The Peoples Bank, Biloxi, Mississippi" (Press release). PR Newswire. August 15, 2022.
- ^ "Covington Represents Trustmark In Its $345M Sale of Fisher Brown Bottrell Insurance" (Press release). Covington & Burling. May 1, 2024.
External links
[edit]
- Business data for Trustmark Corporation: