Mississippi Business Journal » Trustmark

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

Lynn Lofton — Fri, 18 Jan 2013 23:17:48 +0000

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 [...]

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Trustmark changes staff

MBJ Staff — Sun, 21 Oct 2012 06:01:52 +0000

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 [...]

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Read September 17 issue of the MBJ

MBJ Staff — Fri, 14 Sep 2012 06:01:43 +0000

>> 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 [...]

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Committee makes nominations

MBJ Staff — Sun, 08 Jan 2012 16:07:55 +0000

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 [...]

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One trial down, at least one to go

Clay Chandler — Sun, 17 Jul 2011 06:00:37 +0000

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 [...]

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

Ted Carter — Sun, 30 Jan 2011 06:00:31 +0000

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 [...]

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Cadence Bank settles investor lawsuit

Ted Carter — Thu, 02 Dec 2010 20:51:22 +0000

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 [...]

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CEO’s post-retirement plans still not settled

Ted Carter — Sun, 28 Nov 2010 06:00:02 +0000

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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Cadence reports continued losses

Ted Carter — Sun, 14 Nov 2010 06:00:56 +0000

Starkville-based bank had lower losses than same quarter in 2009 In a late arriving earnings report, Cadence Financial of Starkville last Wednesday reported a third quarter net loss of $7.5 million, or $0.63 per diluted share. The new round of losses come just ahead of a Dec. 9 shareholder meeting at which shareholders will vote [...]

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Trustmark says strides made putting Memphis real estate loans troubles in past

Ted Carter — Sun, 07 Nov 2010 06:00:07 +0000

Trustmark’s Richard Hickson isn’t quite sure what to make of Memphis. The chairman & CEO has wrestled more with real estate loan problems in Florida. But Tennessee, especially Memphis, occupied a lot of his attention in the last quarter. The past quarter impaired loans in Memphis and the rest of Tennessee forced the Jackson-based Trustmark [...]

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