Truxton Trust Announces New Role for Founding Leader of Wealth Management

Rhea-AI Summary

Truxton Trust has appointed Derrick Jones to focus on Corporate Development, while continuing his role as counsel for the Wealth Management team. Under his leadership, the firm established a successful bank-owned wealth management operation over the past 17 years. CEO Tom Stumb highlighted the intent to replicate this success across the organization. Additionally, Drew Mallory has been named Chief Fiduciary Officer, and three new Managing Directors have joined the Wealth Management division, reinforcing Truxton’s commitment to strategic growth.

Positive

• Derrick Jones's focus on Corporate Development aims to enhance strategy and business growth.
• The Wealth Management division has a strong leadership team with new appointments for increased expertise.

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• None.

NASHVILLE, Tenn., May 04, 2022 (GLOBE NEWSWIRE) -- Truxton Trust has announced a new role for its founding leader of Wealth Management. In addition to serving as counsel to the Wealth Management team, Executive Vice President Derrick Jones will focus on Corporate Development specifically Strategy, Recruiting, Training, and Business Development.

“Since our inception over 17 years ago, Derrick led our Wealth Management business. By metrics most important to clients and shareholders, under Derrick’s leadership we built one of the most successful bank-owned wealth management businesses of our era. Our aim is to replicate those practices and attendant results throughout Truxton Trust as we grow and evolve,” said Tom Stumb, CEO.

Truxton Trust recently named Drew Mallory as Chief Fiduciary Officer and appointed three new Managing Directors within the Wealth Management business. Derrick commented, “Our team is very strong both in credentials and experience and is guided by an unwavering commitment to do the right thing. This capability allows me to refocus and double down on strategic efforts on behalf of Truxton Trust. We are blessed with the best colleagues and clients.”

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.

Media Relations Tamara Schoeplein 615-515-1714 tamara.schoeplein@truxtontrust.com

Investor Relations Andrew May 615-515-1707 andrew.may@truxtontrust.com

FAQ

What new role has Derrick Jones taken at Truxton Trust?

Derrick Jones will now focus on Corporate Development while continuing as counsel for the Wealth Management team.

Who has been appointed as Chief Fiduciary Officer at Truxton Trust?

Drew Mallory has been named the Chief Fiduciary Officer at Truxton Trust.

How long has Derrick Jones led the Wealth Management business at Truxton Trust?

Derrick Jones has led the Wealth Management business for over 17 years.

What is Truxton Trust known for?

Truxton Trust is known for providing private banking, wealth management, trust, and family office services to wealthy individuals and families.

What is the ticker symbol for Truxton Corporation?

The ticker symbol for Truxton Corporation is TRUX.