Trustmark Corporation is an American
bank holding company
A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') or bancorporation is often used to refer to such companies as w ...
headquartered in
Jackson, Mississippi
Jackson is the List of capitals in the United States, capital and List of municipalities in Mississippi, most populous city of the U.S. state of Mississippi. The city sits on the Pearl River (Mississippi–Louisiana), Pearl River and is locate ...
. It provides banking services and
wealth management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-hi ...
services. The bank serves Mississippi, Alabama, the Florida Panhandle, Memphis, and Houston. As of December 31, 2023, the bank operated 163 full-service branches, 7 limited-service branches, and 131 ATMs.
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History
The bank traces its roots to The Jackson Bank, which was chartered by the State of Mississippi in December 1889 with cash capital of $100,000.[ Its first president was P.W. Peeples.
In 1998, the company acquired Bottrell Insurance.
In 2011, the bank acquired Heritage Banking Group in a transaction facilitated by the ]Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...
.
In 2012, the bank acquired Bay Bank & Trust Co.
In 2017, Trustmark acquired Reliance Bank.
In 2022, the company sold its corporate trust business.
In 2024, the company sold Fisher Brown Bottrell Insurance to Marsh McLennan
Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, invest ...
for $345 million.
References
External links
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{{DEFAULTSORT:Trustmark Bank
Banks based in Mississippi
Banks established in 1889
Companies based in Jackson, Mississippi