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Tag Archives: Trustmark

Trustmark declares 23-cent dividend for 3rd quarter

Special to The MBJ JACKSON, Mississippi — Trustmark Corp. has announced a net income available to common shareholders of $33.0 million in the third quarter, which resulted in diluted earnings per common share of 49 cents, an increase of 6.5 percent from the prior quarter as well as from levels one year earlier. Trustmark’s performance during the quarter produced a ...

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Trustmark declares 23-cent dividend for 3rd quarter

JACKSON, Mississippi — Trustmark Corp. has announced a net income available to common shareholders of $33.0 million in the third quarter, which resulted in diluted earnings per common share of 49 cents, an increase of 6.5 percent from the prior quarter as well as from levels one year earlier. Trustmark’s performance during the quarter produced a return on average tangible ...

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

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 on activity. Lots of banks ...

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Trustmark changes staff

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 and Stewpot Ministry Services. He ...

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Read September 17 issue of the MBJ

>> 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 Construction milestone achieved at Kemper ...

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Committee makes nominations

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 Bagley, Community Bank; David Barrentine, ...

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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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One trial down, at least one to go

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 Trustmark being accused of mismanaging ...

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National bankers group encouraged by bid to quash debit-fee cap

By Ted Carter The American Bankers Association says legislation introduced in the Senate Tuesday gives it hope that banks can avoid a pending cut in the fees they receive from merchants on debit card transactions. The so-called Durbin amendment, named after sponsor Sen. Dick Durbin of Illinois, mandates the Federal Reserve’s Board of Governors put a cap on the fees ...

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