Trustmark National Bank is headquartered in Jackson and is the 3rd largest bank in the state of Mississippi. It is also the 116th largest bank in the nation. It was established in 1889 and as of June of 2020, it had grown to 2,798 employees at 208 locations. Trustmark National Bank has an A+ health rating.
Great small bank
Trustmark is a small local bank in Mississippi. It's my first and only bank to use, but I have zero complaints about them. They're customer service has always been terrific; they helped me set up my first bank accont, and while I was away at college, they helped me decide which savings account would be best for my personal situation. They are so frinedly and personable. Their fees are very reasonable, and if I ever accidentally take over spend in my checking account, I can usually get them to waive the fee. They have reasonable hours and locations across the state including in my college town which has been very useful. They have an app that I use for my checking and savings account, and I'm able to use it to upload checks and manage my entire bank accont from my phone. I would reccommend this bank to anyone living in Mississippi.
Good, stable local bank
I opened my first account with Trustmark in 1987. I had just graduated from high school and needed a free checking account. I still have this same checking account open from way back then and it has served me well, as has Trustmark Bank. Since that time I have had several CDs, a savings account, and a mortgage with Trustmark. The CDs paid good rates at the time compared to other banks, and I was pleased. I closed the savings account years ago, since I no longer needed it and the rates were almost zero. Over the years, the bank has acquired other banks and grown beyond the boundaries of the state of Mississippi, but I still have stuck with them. They seem to adapt to new technology well, but keep the local flair and customer service I have known and appreciated for so long.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4988 |
| Year Established | 1889 |
| Employees | 2798 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 6.54% |
| Annual Interest Income | $235.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $15.69B$13.55B |
| Loans | Q2 2020vs Q2 2019 | $10.84B$9.36B |
| Deposits | Q2 2020vs Q2 2019 | $13.52B$11.58B |
| Equity Capital | Q2 2020vs Q2 2019 | $1.72B$1.66B |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $119.2MM$81.8MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $45.6MM$52.2MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $18.3MM$31.2MM |
