Truxton Corporation Named 19th Top Bank in U.S. by American Banker

Rhea-AI Summary

Truxton Corporation (OTCPK: TRUX) has been named one of the top 200 best-performing banks in the U.S. by American Banker, marking its tenth consecutive year on the list. The Nashville-based financial holding company achieved a 3-year return on average equity (ROAE) of 16.7%, ranking 19th overall. In 2021, Truxton recorded its highest ROAE at 18.26%. This recognition underscores the bank's commitment to exceptional client service and strong performance.

Positive

• Ranked 19th among the top 200 best-performing banks with a 3-year ROAE of 16.7%.
• Achieved a record ROAE of 18.26% in 2021, demonstrating strong profitability.

Negative

• None.

• Honored for 3-year return on average equity
• Recognized as a top bank for the tenth year in a row
• Top-ranked bank in Tennessee
  

NASHVILLE, Tenn., June 14, 2022 (GLOBE NEWSWIRE) -- Truxton Corporation (OTCPK: TRUX), a financial holding company and the parent of Truxton Trust Company, announced that it has been recognized by American Banker as one of the top 200 best performing banks in the nation. Truxton Corporation has earned this recognition for ten consecutive years and is the only bank with a Nashville headquarters and the highest-ranked bank based in Tennessee to make the list this year.

American Banker’s annual ranking of publicly traded banks with less than $2 billion of assets is determined by return on average equity across three years.   Truxton Corporation ranked 19^th, with a 3-year return on average equity (ROAE) of 16.7 percent for the period ending December 31, 2021.  

Tom Stumb, Chairman and Chief Executive Officer, said, “We are honored to be recognized by American Banker.  Our consistently high return on equity is a testament to the exceptional service we provide to clients and the consistent performance of our employees who act like owners.”  Andrew May, President and Chief Financial Officer, added, “In 2021, we earned a 18.26% return on average equity, our best yet. We continue to grow profitably as careful stewards of our equity capital.”

About Truxton Trust
Truxton Trust Company is a provider of private banking, wealth management, trust, capital markets, and family office services for wealthy individuals, their families and their business interests. Serving clients across the world, Truxton’s vastly experienced team of professionals provides customized solutions to its clients’ complex financial needs. Founded in 2004 in Nashville, Tennessee, Truxton Trust upholds its original guiding principle: do the right thing. Truxton Trust Company is a subsidiary of financial holding company, Truxton Corporation (OTCPK: TRUX). For more information, visit truxtontrust.com. 

Investor Relations		Media Relations
Andrew May		Tamara Schoeplein
615-515-1707		615-515-1714
andrew.may@truxtontrust.com		tamara.schoeplein@truxtontrust.com

FAQ

What is Truxton Corporation's stock symbol?

Truxton Corporation's stock symbol is TRUX.

When was Truxton recognized as a top bank?

Truxton was recognized as a top bank on June 14, 2022.

How many years has Truxton been on the best-performing banks list?

Truxton has been on the best-performing banks list for ten consecutive years.

What was Truxton Corporation's ROAE in 2021?

Truxton Corporation's return on average equity (ROAE) in 2021 was 18.26%.

Is Truxton Corporation the top-ranked bank in Tennessee?

Yes, Truxton Corporation is the highest-ranked bank based in Tennessee according to the latest ranking.