Trustmark

Summary
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services. The company also provides mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing. In addition, it provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. Further, the company offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers. As of December 31, 2021, it operated 167 full-service branches and 13 limited service branches; and 198 automated teller machines and 69 interactive teller machines. The company was founded in 1889 and is headquartered in Jackson, Mississippi.

History

Trustmark was founded in 1913 as the Brotherhood of All Railway Employees, and later in 1917 adopted the name Benefit Association of Railway Employees. In 1963 the company became Benefit Trust Life Insurance Company. Only in 1994 was the name "Trustmark Insurance Company" adopted, upon merger with Bankers Mutual Life of Freeport.By 1998 Trustmark had assets of 1.8 billion dollars. In 2010 the company purchased Health Fitness Corporation of Bloomington, Minnesota to expand their offerings into consumer health programs that encourage workers to stay fit and healthy. In 2012 United States Secretary of Health and Human Services Kathleen Sebelius ordered the company to rescind its rate hike increases under powers granted by the Affordable Care Act; describing them as "excessive rate increases that would raise rates at least thirteen percent for customers in Alabama, Arizona, Pennsylvania, Virginia, and Wyoming". This was the second time in the history of the United States that this power was used since the act was passed in 2010.Kevin Slawin becomes President and CEO of Trustmark in 2018. David D. Weick has served as Chairman of the Board since 2015.


Mission
Trustmark is committed to improving the lives of our members with innovative and affordable health and wealth solutions.

Vision
To be the foremost provider of health and wealth solutions that empower our members to live healthier and happier lives.

Key Team

Mr. George T. Chambers Jr. (Principal Accounting Officer)

Mr. F. Joseph Rein Jr. (Sr. VP & Assistant Sec.)

Ms. Melanie A. Morgan (Sr. VP & Director of Corp. Communications & Marketing)

Mr. Wayne Arthur Stevens (Pres of Retail Banking of Trustmark National Bank)


Recognition and Awards
Trustmark has been named to Best Companies to Work For in USA Magazine's Best of the Best Special Edition and was a 2018 winner of Health and Benefits Leadership Conference's 'Innovator of the Year Award.'

References
Trustmark
Leadership team

Mr. Duane Arthur Dewey CFP (Pres, CEO & Director)

Mr. Thomas C. Owens (Principal Financial Officer & Treasurer)

Mr. Granville Tate Jr. (Sec.)

Products/ Services
Fitness
Number of Employees
1,000 - 20,000
Headquarters
Lake Forest, Illinois, United States
Established
1913
Company Registration
SEC CIK number: 0000036146
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
TRMK
Social Media
Sun Mar 03 2024
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