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Tag Archives: SOUTHBank

Trustmark wraps up acquisition of Oxford branches from SOUTHBank

JACKSON and OXFORD — Trustmark National Bank, a subsidiary of Trustmark Corporation, has completed its previously announced purchase of two branches in Oxford from SOUTHBank, F.S.B. Gerard R. Host, president and CEO of Trustmark, said, “This transaction enables Trustmark to establish new customer relationships and provides existing Oxford customers with the added convenience of well-positioned banking offices on the Courthouse ...

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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 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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