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Tag Archives: Richard Hickson

Trustmark in deal to acquire Panhandle’s Bay Bank

In a move that will return Jackson-based Trustmark Corp. to the scene of some its biggest commercial real estate loan troubles, the regional bank has signed a definitive agreement to acquire Bay Bank & Trust Co. of Panama City in a $22 million transaction. Trustmark CEO Jerry Host said the acquisition of the 76-year-old, $247 million bank gives the bank ...

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CEO leaves Trustmark in good shape

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 as an entrepreneur who cultivated ...

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CEO’s post-retirement plans still not settled

  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 to take him in any ...

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

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 to basically triple its charge-offs ...

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Trustmark reports strong 3Q earnings

Jackson-based regional bank says its capital strength gives it ‘offensive’ options Coming off the disappointment of losing the acquisition of Cadence Bank in early October, Trustmark Corp. got a lift last week with third quarter earnings that paid 40 cents per common share, two cents higher than the analysts’ consensus estimate. The quarter’s showing gives a green light to Jackson’s Trustmark ...

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Trustmark CEO: Cadence deal lost luster after competitor upped ante

Trustmark ready to consider new acquisition opportunities if money potential is right. Trustmark executives backed away from the Cadence acquisition because a bid showdown with competing suitor Community Bancorp of Houston had too much short-term downside, said Trustmark chairman and CEO Richard Hickson in his first public remarks about his bank’s loss of the merger in early October. Trustmark had a ...

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Golden Triangle key for Trustmark

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 bank holding company in a ...

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