With capital accumulating, Trustmark National Bank has been hunting for acquisitions to expand its footprint, but the regional bank didn’t go far from its Jackson headquarters for the prey it bagged April 15. At 6 p.m. that day, regulators shut down Carthage-based Heritage Banking Group’s nine locations and turned them over to Trustmark, a publicly [...] [...]
Jason McGee has been promoted to corporate treasury services officer at Trustmark National Bank in Jackson, where he is the operations coordinator. McGee is a native of Brandon and earned a bachelor of science in business administration degree from Mississippi College in 2005. He has been a member of the Mississippi chapter of the Financial [...] [...]
Hickson leaves ‘Host’ of strategies Departing Trustmark chairman, CEO says new leadership has leverage to grow earnings Hearin, Day and Hickson. That’s how long it takes for a roll call of Trustmark National Bank’s top leadership over the past 50 years. Each executive left a mark on the bank that Jackson built — Bob Hearin [...] [...]
Cadence battles public opinion after backing out of Trustmark deal; claims it saved 125 jobs in Starkville area because of the move Cadence Bank’s shareholders — especially the “insiders” who own nearly11 percent of the bank holding company’s stock — get an appealing payday from last week’s decision to scrap an acquisition deal with Trustmark [...] [...]
Getting jilted by Cadence Bank will cost Jackson’s Trustmark National Bank 7 cents in earnings per share for 2011, banking analyst Kevin Fitzsimmons of Sandler O’Neil & Partners estimates. The 7 cents reduction puts the earnings per share for next year back to pre-acquisition estimate of $1.52, said Fitzsimmons, managing partner of the New York-based [...] [...]
Trustmark would like to know exactly when Houston- based Community Bancorp, LLC started talking acquisition with Starkville’s Cadence Bank won’t be known until Cadence files a proxy statement with the U.S. Securities & Exchange Commission by Oct. 18. That’s some reading material that Trustmark National Bank executives will look at with interest. Trustmark executives learned [...] [...]
Memphis, Tuscaloosa markets also drawing cards Trustmark National Bank executives looked with envy at competitor Cadence Bank’s dominance throughout the economically resurgent Mississippi Golden Triangle and Cadence’s strengths in such markets as Memphis and Tuscaloosa. They turned envy to action this week with the signing of a “definitive” agreement to acquire the $1.8 billion Starkville-based [...] [...]
Trustmark has reached a deal to take over troubled Cadence Bank, a $1.87 billion regional bank holding company that federal regulators had under a consent order that expired Sunday. Both banks are publicly held with headquarters in Mississippi, Trustmark in Jackson and Cadence in Starkville. They announced the deal late Monday, a day after a [...] [...]
Tom Traxler has been promoted to vice president in central assets at Trustmark National Bank in Jackson. He has over 35 years of experience in the financial industry. Traxler is a native of Crystal Springs and earned a bachelor of science in business administration degree from the University of Southern Mississippi and completed courses through [...] [...]
Pamela Harvey Orman of Clinton received the William Carey University Circle of Excellence Award from the School of Business during Homecoming ceremonies held recently in Hattiesburg. Orman, a 1982 graduate of Carey with a degree in business administration, began her banking career with Citizens Bank of Hattiesburg, which is now Trustmark National Bank. She is [...] [...]
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