Trustmark (bank)
| Company type | Public company |
|---|---|
| Industry | Banking, Wealth management |
| Founded | December 1889 |
| Headquarters | Jackson , United States |
Area served | Mississippi, Alabama, Florida Panhandle, Memphis, Houston |
| Products | Banking and wealth management solutions |
Trustmark Corporation is a United States-based bank holding company with its main office located in Jackson, Mississippi. The company provides banking and wealth management solutions throughout Mississippi, Alabama, the Florida Panhandle, Memphis, and Houston. As reported on December 31, 2023, Trustmark maintained 163 full-service branches, 7 branches with limited services, and operated 131 ATMs.
History
The institution began as The Jackson Bank, which was officially chartered in Mississippi in December 1889 with an initial capital of $100,000. The first individual to serve as president was P.W. Peeples.
In 1998, Trustmark broadened its operations by purchasing Bottrell Insurance.
The bank continued its growth through multiple acquisitions: Heritage Banking Group was acquired in 2011 through an FDIC-assisted deal; Bay Bank & Trust Co. was added to the portfolio in 2012; and Reliance Bank was incorporated in 2017.
More recently, Trustmark undertook strategic divestitures by selling its corporate trust division in 2022 and later transferring ownership of Fisher Brown Bottrell Insurance to Marsh McLennan for $345 million in 2024.