Trustmark Announces New Equipment Finance Line of Business

Rhea-AI Summary

Trustmark Corporation (NASDAQ: TRMK) has launched a new Equipment Finance line within its Specialty Banking division in Atlanta, GA. This initiative will enhance Trustmark's product offerings, allowing it to cater to a wider range of commercial clients seeking financing for equipment acquisition. The Equipement Finance team, led by Joe Hines, boasts extensive industry experience and includes professionals such as Jason Center, Sara Higby, and Patty Culos. This move aims to strengthen Trustmark's position in the financial services market.

Positive

• Launch of Equipment Finance business will attract a broader client base.
• Team led by experienced professionals with 25 years in Equipment Finance.

Negative

• None.

JACKSON, Miss.--(BUSINESS WIRE)-- Trustmark National Bank, a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS:TRMK), today announced the introduction of a new line of business, Equipment Finance, in its Specialty Banking division that is based in Atlanta, GA.

“We are pleased to add equipment financing to our competitive and comprehensive catalogue of products and services,” said Monica Day, Trustmark President of Institutional Banking. “Our new Equipment Finance business will enable Trustmark to serve a broader range of commercial businesses and assist clients nationwide in obtaining assets to grow their business.”

The Equipment Finance team is led by Joe Hines, who joined Trustmark in June as Managing Director of Equipment Finance. With a 25-year career in the industry, Hines has extensive experience in Equipment Finance and management.

A team of seasoned professionals has been assembled to work with Hines to launch the Equipment Finance business. Jason Center has been named Director of Equipment Finance Originations. Also joining the team are Sara Higby, Senior Manager of Equipment Finance Operations and Patty Culos, Equipment Finance Underwriting Manager.

“Our team of accomplished professionals has the experience, skills and talent to help commercial clients of all sizes and types reach their equipment objectives and achieve their financial goals,” stated David Shutley, Senior Vice President and Director of Specialty Banking. “Customers will be able to acquire large equipment loans and leases through our credit offerings, while enjoying Trustmark’s best in class customer service.”

About Trustmark

Trustmark Corporation is a financial services company providing banking and financial solutions through offices in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Visit trustmark.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220825005163/en/

Melanie Morgan

Director of Corporate

Communications & Marketing

601.208.2979

mmorgan@trustmark.com

Source: Trustmark Corporation

FAQ

What is the new business line introduced by Trustmark Corporation?

Trustmark Corporation has introduced a new Equipment Finance business within its Specialty Banking division.

Who leads the Equipment Finance team at Trustmark?

The Equipment Finance team is led by Joe Hines, who has over 25 years of experience in the industry.

How will the Equipment Finance business benefit clients?

The Equipment Finance business will assist clients nationwide in obtaining assets necessary for business growth.

What is the stock symbol for Trustmark Corporation?

Trustmark Corporation trades under the stock symbol TRMK.