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Tag Archives: BancTrust Financial Group

Fitch Ratings gives Trustmark a 'stable' outlook

JACKSON — Fitch Ratings has affirmed Trustmark Corp.’s (TRMK) ratings at “BBB+”/”F2”. The rating outlook remains “stable”. Fitch wrote: “TRMK’s ‘BBB+’ ratings reflect its good asset quality and the leading market share in TRMK’s home state of Mississippi and growing market share in other parts of the southeastern U.S. Furthermore, Fitch positively views the company’s risk appetite measured by relatively ...

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Trustmark 2Q earnings get boost from wealth management, insurance gains

JACKSON, Mississippi — The wealth management and insurance businesses of $11.7 billion Trustmark Corp. turned in a solid financial performance in the second quarter, the Jackson.-based financial services company announced Wednesday. The website Bank Investment Consultant reports that wealth management services generated $6.9 million in revenue for Trustmark, up 20.4 percent year-over-year. Revenue from insurance commissions rose 11.6% to $8.0 ...

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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 per share in 2012’s second ...

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Trustmark to acquire Oxford’s two SOUTHBank locations

Just off the closing of its acquisition of Mobile-based BancTrust Financial Group and its 49 Alabama branches, Trustmark National Bank has agreed to buy the two Oxford locations of SOUTHBank, F.S.B. Under the agreement, Trustmark would acquire deposits of the two locations totaling about $11.8 million and the office buildings at 106 Court House Square and 714 Jackson Ave. The ...

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