Trustmark (bank)

Trustmark is a commercial bank and financial services company headquartered in Jackson, Mississippi, United States, with subsidiaries Trustmark National Bank, Trustmark Investment Advisors, and Fisher Brown Bottrell Insurance. The bank's initial predecessor, The Jackson Bank, was chartered by the State of Mississippi in 1889. Through numerous acquisitions and name changes, the Trustmark brand began in 1971, and the bank now serves Mississippi, Alabama, the Florida Panhandle, Memphis, and Houston. In 2017, the bank was named the "best regional bank" in the South, by Kiplinger's,[4] and named a "best-in-state" bank by Forbes in 2021.[5]

Trustmark National Bank
TypePublic company
Nasdaq: TRMK
S&P 600 component
Russell 2000 component
IndustryBanking
Financial services
PredecessorsThe Jackson Bank
Jackson State National Bank
First National Bank
First Capital Corporation
FoundedNovember 14, 1889 (1889-11-14) (as The Jackson Bank)
1949 (1949) (as First National Bank of Jackson)
1968 (1968) (as First Capital Corporation)
September 17, 1985 (1985-09-17) (as Trustmark National Bank)
FounderP.W. Peeples [1]
Headquarters
Area served
Mississippi
Alabama
Florida
Tennessee
Texas
Key people
Gerard R. Host, President and CEO
Duane A Dewey, COO
William G. Yates, Director
[2]
ProductsRetail banking
Commercial bank
Credit cards
Mortgage loans[3]
RevenueIncrease $189.782 million (2020)[2]
Increase $160.125 million (2020)[2]
Total assetsIncrease $16.609 billion (2020)[2]
Total equityIncrease $1.741 billion (2020)[2]
Number of employees
2,797 (2020)[2]
Websitewww.trustmark.com

Financial condition

As of September 2021, the bank had $17.36 billion in assets and $15.03 billion in deposits.[6]

See also

References

  1. Goodspeed’s (c. 1935). Memoirs of Mississippi. Pelican. ISBN 9781455601196.
  2. "TRMK - Trustmark Corp. Company Profile & Executives - WSJ". Wall Street Journal. Dow Jones & Company.
  3. "Trustmark Corporation Form 10-K Annual Report 2020". U.S. Securities and Exchange Commission.
  4. Gerstner, Lisa. "Best Regional Banks, 2017". Kiplinger. Dennis Publishing Ltd. Retrieved 13 December 2021.
  5. Prewett, Nathan (29 July 2021). "Trustmark named to 2021 Best-In-State Banks list by Forbes". Selma Sun. Retrieved 13 December 2021.
  6. "Trustmark National Bank". FDIC Institution Directory. Retrieved 2021-12-05.
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