Posts Tagged ‘Trustmark’

Trustmark declares 23-cent dividend for 3rd quarter

by Frank Brown Published: October 23,2013

Tags: Gerard R. Host, Trustmark, Trustmark Corp

Special to The MBJ JACKSON, Mississippi — Trustmark Corp. has announced a net income available to common shareholders of $33.0 million in the third quarter, which resulted in diluted earnings per common share of 49 cents, an increase of 6.5 percent from the prior quarter as well as from levels one year earlier. Trustmark’s performance […] [...]

Trustmark gets earnings boost from BancTrust takeover

JACKSON — Regional bank Trustmark Corp. says profit in 2013′s second quarter rose 6 percent from the same three months of 2012, fueled by gains from its takeover of the former BancTrust Financial Group. Trustmark posted quarterly profit of $31.1 million or 46 cents per share yesterday. That’s up from $29.3 million or 45 cents […] [...]

Banks can assist small businesses with a variety of services, programs

by Lynn Lofton Published: January 18,2013

Tags: BancorpSouth, Banks, lending, small businesses, Trustmark

Banks can be small business owners’ best friends, providing a range of services, advice and a shoulder to lean on. The definition of a small business can vary, depending on how much activity a business runs through a bank, according to Art Stevens, president of retail banking for Trustmark National Bank. “Accounts can trigger based […] [...]

Trustmark changes staff

Foster Kennedy has joined Trustmark National Bank as vice president of corporate banking where he serves as a commercial relationship manager. Kennedy is a native of Jackson and currently resides in Madison. He earned a bachelor of accountancy and a master’s of taxation from Mississippi State University. Kennedy is a volunteer with Habitat for Humanity […] [...]

Read September 17 issue of the MBJ

>> BASEL III Mississippi bankers brace for change— by Ted Carter Also in this week’s paper: >> MBJ FOCUS/LIST: Insurance & Employee Benefits >> LEGAL Supreme court sides with Department of Revenue in AT&T tax dispute— by Clay Chandler >> BANKING Trustmark, Hancock head lengthy list of state’s 5-star banks— by Ted Carter >> KEMPER UPDATE […] [...]

Committee makes nominations

In accordance with the Greater Jackson Chamber Partnership by-laws, chairman Paul Moak appointed a nominating committee chaired by Clay Hays. This committee reported their actions to president Duane O’Neill, who in turn is authorized to notify the entire membership of the nominating committee’s report. Candidates to serve a three-year term expiring December 2014 are: Freddie […] [...]

One trial down, at least one to go

by Clay Chandler Published: July 17,2011

Tags: banking, manufacturing, mismanaging, Public Companies, Trustmark

In late June, a trial wrapped up in Hinds County Chancery Court in which Trustmark National Bank defended itself against allegations of mismanaging a trust account by doling out $1.7 million in improper payments to one of its beneficiaries. It’s one of three active cases the Mississippi Business Journal was able to confirm that featured […] [...]

Trustmark says it put big dent in Florida loan woes, has Texas acquisitions on radar

by Ted Carter Published: January 30,2011

Tags: Jerry Host, Trustmark

JACKSON — Delivering his first quarterly earnings presentation as Trustmark CEO last Wednesday, Jerry Host said the regional banking company is on the verge of putting its single biggest headache behind it — the Florida loan portfolio — and is ready to pursue acquisitions, possibly in Texas. On the eve of the four quarter earnings […] [...]

Cadence Bank settles investor lawsuit

by Ted Carter Published: December 2,2010

Tags: Cadence Bank, Community Bancorp, Trustmark

SEC filing gives shareholders details on process for selecting merger partner. NEW YORK — With the clocking ticking down to a Dec. 9 Cadence Bank shareholder vote on an acquisition of the bank, Cadence has tentatively settled an investor lawsuit that claimed that the merger terms are tilted to benefit Cadence executives and board members […] [...]

CEO’s post-retirement plans still not settled

by Ted Carter Published: November 28,2010

Tags: Millsaps College, Richard Hickson, St. Dominic Hospital, Trustmark

  Richard Hickson says his Trustmark workload has left him little time to decide what he’ll do in retirement beyond involvement in his two principal civic causes – Millsaps College and St. Dominic Hospital. Two other things he knows for certain. He’ll be 67 and a full-time Mississippi resident. He said his interests are likely […] [...]

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