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Tag Archives: Trustmark National Bank

‘Tarnished franchise?’

Cadence battles public opinion after backing out of Trustmark deal; claims it saved 125 jobs in Starkville area because of the move Cadence Bank’s shareholders — especially the “insiders” who own nearly11 percent of the bank holding company’s stock — get an appealing payday from last week’s decision to scrap an acquisition deal with Trustmark National Bank in favor of ...

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Trustmark loss of CADENCE stings but it’s not permanent

Getting jilted by Cadence Bank will cost Jackson’s Trustmark National Bank 7 cents in earnings per share for 2011, banking analyst Kevin Fitzsimmons of Sandler O’Neil & Partners estimates. The 7 cents reduction puts the earnings per share for next year back to pre-acquisition estimate of $1.52, said Fitzsimmons, managing partner of the New York-based investment banking firm. He noted ...

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TALKS: Who knew what and when?

Trustmark would like to know exactly when Houston- based Community Bancorp, LLC started talking acquisition with Starkville’s Cadence Bank won’t be known until Cadence files a proxy statement with the U.S. Securities & Exchange Commission by Oct. 18. That’s some reading material that Trustmark National Bank executives will look at with interest. Trustmark executives learned upon arriving at work last ...

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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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Trustmark to take over troubled Cadence

Trustmark has reached a deal to take over troubled Cadence Bank, a $1.87 billion regional bank holding company that federal regulators had under a consent order that expired Sunday. Both banks are publicly held with headquarters in Mississippi, Trustmark in Jackson and Cadence in Starkville. They announced the deal late Monday, a day after a deadline set by the Office ...

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Trustmark promotes Traxler to V.P.

Tom Traxler has been promoted to vice president in central assets at Trustmark National Bank in Jackson. He has over 35 years of experience in the financial industry. Traxler is a native of Crystal Springs and earned a bachelor of science in business administration degree from the University of Southern Mississippi and completed courses through the American Institute of Banking. ...

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Orman wins William Carey honor

Pamela Harvey Orman of Clinton received the William Carey University Circle of Excellence Award from the School of Business during Homecoming ceremonies held recently in Hattiesburg. Orman, a 1982 graduate of Carey with a degree in business administration, began her banking career with Citizens Bank of Hattiesburg, which is now Trustmark National Bank. She is vice president and chief privacy ...

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Sullivan named MBJ's Businesswoman of the Year

Janet Sullivan loves her job. In fact, she enjoys it so much that on many weekends while others are having fun, Sullivan can often be found working in her Natchez office. As special projects coordinator for the Southern District of the Mississippi Department of Transportation, Sullivan’s dedication to both her profession and the community has been officially recognized. Last Thursday, ...

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McMullan replacing Gammill on board

Lynn Crosby Gammill has retired from the board of trustees of the Mississippi Department of Archives and History, and W. Holt McMullan, president of Trustmark National Bank in Hattiesburg, has been elected to serve her unexpired term. A native of Newton, McMullan earned his B.S. in banking and finance from the University of Mississippi. He serves on the board of ...

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Rein promoted to Trustmark V.P.

F. Joseph Rein Jr. has been promoted to senior vice president at Trustmark National Bank in Jackson. With over 20 years of experience in the financial industry, Rein is the director of investor relations, provides leadership for organization’s strategic planning process, and manages the development and implementation of corporate merger and acquisition strategy. A native of Brookhaven, he earned a ...

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