Trustmark National Bank

What Trustmark National Bank does

Trustmark National Bank is a federally chartered national bank headquartered in Jackson, Mississippi, operating across five southeastern U.S. states: Alabama, Florida, Mississippi, Tennessee, and Texas. Established as a regional bank since 1889, Trustmark delivers a comprehensive suite of financial services through four primary business lines: personal banking, business and commercial banking, mortgage lending, and wealth management. Personal banking covers multiple checking tiers (Plus, Simple, Tailored, Student, Advantage, HSA), savings products (Personal, Money Market, Relationship HighYield, Youth, Christmas Club, CDs, IRAs), three Mastercard credit cards (Blue Diamond, Blue Pearl, Blue Advantage), and personal loans including HELOCs and specialty LMI programs. Business and commercial banking serves small businesses, mid-market companies, and institutional clients with checking, savings, lending, cash management, and merchant services. The mortgage division offers conventional, government-insured (FHA, VA, USDA), construction-permanent, jumbo, and physician loan programs, with participation as originator and servicer in Fannie Mae and Freddie Mac programs. Wealth management is delivered through the Tailored Wealth division (Private Banking, Private Wealth, Institutional Wealth, Investment Management) and via Trustmark Financial Services, a partnership with Raymond James Financial Services.

The bank's technology infrastructure centers on the myTrustmark digital platform, providing online and mobile banking with mobile deposit, bill pay, card controls, person-to-person payments, biometric authentication, and account aggregation across external institutions. Mortgage servicing is handled through myTrustmarkMortgage, and wealth clients use myTailoredWealth. Physical distribution includes full-service branches, Interactive Teller Machines (ITMs) extended-hours video teller service, and dedicated relationship managers for business and wealth segments. Trustmark generates revenue primarily through net interest income (the spread between loan yields and deposit costs), complemented by non-interest fee income from deposit services, mortgage origination and servicing fees, credit card interchange, and wealth management asset-based fees. Specialized lending programs such as Home Advantage (3% down, no PMI) and True Advantage (for LMI homeowners) plus CRA-aligned programs through the Southern Community Capital affiliate distinguish the bank's community-oriented positioning within its regional footprint.

Name

Trustmark National Bank

Legal name

Trustmark National Bank

Website

https://trustmark.com

Company type

Private

Founded year

1889

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Trustmark National Bank is a federally chartered regional bank headquartered in Jackson, Mississippi, serving consumers, businesses, commercial clients, and institutional customers across five southeastern U.S. states with personal banking, mortgage, commercial lending, and wealth management services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE), Corporate & Institutional Trust Services (FSAAANAB)

Keywords

• Retail banking services
• Commercial lending solutions
• Mortgage loan products
• Wealth management services
• Small business banking

Headquarters

HQ city

Jackson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Primary revenue source from the spread between interest earned on loans (mortgages, personal loans, commercial loans, HELOCs, credit cards) and interest paid on deposits (checking, savings, money market, CDs). The bank offers various loan products including conventional mortgages, construction loans, HELOCs, personal installment loans, business loans, and credit cards.
2. Non-Interest Income - Fee-Based Services: Revenue from various banking fees including overdraft fees, ATM fees, wire transfer fees, and account maintenance fees. Also includes income from credit card transaction fees, merchant services, and cash management service fees for business clients.
3. Mortgage Banking Revenue: Revenue from mortgage origination including loan origination fees, gain on sale of mortgage loans, and servicing fees. Trustmark offers conventional, FHA, VA, USDA loans plus specialized programs like Home Advantage and physician loans.
4. Wealth Management and Advisory Services: Revenue from investment management, financial planning, and advisory services offered through Trustmark Financial Services in partnership with Raymond James. Includes portfolio management fees, financial planning fees, and retirement plan consulting.
5. Credit Card Revenue: Interest income on credit card balances plus interchange fees from merchant transactions. Trustmark offers three Mastercard credit cards: Blue Diamond (affluent), Blue Pearl (general), and Blue Advantage (credit-building).

Pricing tiers

Go-to-market motion1 record

Distribution channels12 records

Marketing channels10 records

Core offering

Trustmark National Bank is a regional commercial bank providing deposit accounts (checking, savings, money market, CDs, IRAs), lending products (mortgages, HELOCs, personal loans, credit cards, business and commercial loans), and wealth management services (private banking, investment management, institutional wealth, and Trustmark Financial Services via Raymond James). It operates branches, ATMs, and ITMs across five southeastern U.S. states, complemented by digital banking platforms myTrustmark, myTrustmarkMortgage, and myTailoredWealth.

Product overview

Trustmark National Bank is a regional financial institution offering a comprehensive suite of banking products and services organized across multiple business lines. The core digital banking platform, myTrustmark, provides unified access to personal, business, and mortgage accounts with mobile deposit, bill pay, and financial planning tools. Personal banking includes multiple checking accounts (Plus, Simple, Tailored, Student, Advantage, Health Savings) and savings products (Personal, Money Market, Relationship HighYield, Youth, Christmas Club, CDs, IRAs). Credit products include three consumer Mastercard credit cards (Blue Diamond, Blue Pearl, Blue Advantage) and a BusinessCard for commercial clients. Lending offerings span personal loans, home equity lines, and a full mortgage suite featuring conventional, government-insured, construction-permanent, jumbo, and physician loan programs. Business banking encompasses checking, savings, and lending for small businesses, while commercial banking serves mid-size companies with specialized institutional services. Wealth management through the Tailored Wealth division provides Private Banking, Private Wealth Management, Institutional Wealth, and Investment Management services, with Trustmark Financial Services adding Raymond James-powered financial planning. All products integrate through the myTrustmark digital platform for cross-segment banking convenience.

Differentiator

Problem solved

Functional benefit

Brands

• myTrustmark: Online and mobile banking platform for personal and business customers
• myTrustmark Mortgage
• myTailoredWealth
• Tailored Wealth
• Trustmark Financial Services
• myTrustmark BUSINESS
• myTrustmark BUSINESSAdvantage
• myTrustmark CORPORATEAdvantage
• Blue Diamond
• Blue Pearl
• Blue Advantage
• Home Advantage
• True Advantage Loan

Products and services

• myTrustmark Online and Mobile Banking Comprehensive digital banking platform providing 24/7 account access via web and mobile app, with bill pay, fund transfers, mobile deposits, eStatements, card controls, and financial management tools for consumers and businesses.
• Plus Checking

Quantifiable outcome

• HELOC promotional rate of 3.99% APR for first 6 billing cycles (compared to standard variable rates based on prime)
• +4 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Southern Community CapitalminorOthersSouthern Community Capital is an affiliate organization of Trustmark National Bank focused on community development and lending. It operates as a separate entity providing financing solutions to small businesses and community development projects in alignment with Trustmark's CRA (Community Reinvestment Act) objectives.
• Raymond James Financial ServicescoreStrategic or Co-development PartnerTrustmark Financial Services is a partnership with Raymond James Financial Services Advisors, Inc. Trustmark's wealth management, investment advisory, and financial planning services are delivered through this partnership. Raymond James provides the broker-dealer infrastructure and regulatory framework (FINRA/SIPC member) while Trustmark provides local client relationships and banking integration. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC.
• MastercardcoreTechnology or IntegrationTrustmark issues Mastercard credit and debit cards, leveraging Mastercard's global payment network for card acceptance worldwide. All Trustmark credit cards (Blue Diamond, Blue Pearl, Blue Advantage, BusinessCard) are Mastercard-branded, enabling worldwide acceptance and access to Mastercard benefits including Zero Liability protection, ID Theft Protection, Global Service, and travel benefits.
• SpeedPay (Blackhawk Network)minorChannel Partner/ Reseller/ DistributorSpeedPay provides third-party payment processing enabling Trustmark customers to make one-time or recurring loan and mortgage payments online using checking accounts (free) or debit cards ($5.75 fee). SpeedPay extends Trustmark's payment capabilities beyond its own digital channels.
• Fannie MaecoreOthersTrustmark participates in the Fannie Mae mortgage program as both an originator and servicer. The bank offers Home Advantage loans that may be sold to Fannie Mae and services Fannie Mae-owned loans. Trustmark provides loan modification and loss mitigation options for Fannie Mae loans per investor guidelines.
• Freddie MaccoreOthersTrustmark participates in the Freddie Mac mortgage program as both an originator and servicer. The bank originates conventional mortgages that may be sold to Freddie Mac and services Freddie Mac-owned loans. Trustmark provides loan modification and loss mitigation options for Freddie Mac loans per investor guidelines.
• FHA (Federal Housing Administration)coreOthersTrustmark offers FHA-insured mortgage loans and services FHA loans. As an FHA-approved lender and servicer, Trustmark provides government-insured financing with lower down payment requirements and accesses HUD mortgage assistance programs for troubled borrowers.
• Sallie MaeminorOthersTrustmark maintains a referral relationship with Sallie Mae for student loans. The bank's personal loans page includes a link to Sallie Mae (salliemae.com/smartoption/trustmark), directing customers seeking student financing to Sallie Mae's loan products.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SouthState Corporation: Winter Haven, Florida-based regional bank with Southeast footprint across Florida, Alabama, Georgia, North Carolina, South Carolina, Virginia, and Tennessee. Competes with Trustmark in Florida and adjacent Southeast markets.
• Cadence Bank: Houston, Texas-based regional bank formed from the merger of BancorpSouth and Cadence, providing retail, commercial, and wealth services across the Southeast and Texas. Direct competitor in Trustmark's Texas and Mississippi markets.
• Atlantic Union Bankshares: Mid-Atlantic and Southeast regional bank headquartered in Richmond, Virginia with retail, commercial, and wealth services. Comparable size and full-service regional bank model in adjacent Southeast geographies.
• Regions Financial: Large Southeast-focused regional bank headquartered in Birmingham, Alabama with comparable retail, mortgage, commercial, and wealth businesses across overlapping states (Alabama, Florida, Mississippi, Tennessee, Texas). Closest in scale and product mix to Trustmark.
• Synovus Financial: Southeast regional bank headquartered in Columbus, Georgia serving commercial, retail, and wealth customers across similar Sun Belt states. Directly comparable in footprint, business mix, and customer segmentation.
• ServisFirst Bancshares: Birmingham, Alabama-based commercial bank with operations across Alabama, Florida, Georgia, Tennessee, North Carolina, and South Carolina. Comparable commercial banking tilt and Southeast footprint.
• Cullen/Frost Bankers: Texas-headquartered regional bank serving retail, commercial, and wealth clients primarily in Texas. Direct peer in Trustmark's Texas market with similar full-service community-bank model.
• Renasant Corporation: Tupelo, Mississippi-headquartered community bank with branches across Mississippi, Alabama, Tennessee, Georgia, Florida, and North Carolina. Overlaps significantly with Trustmark's footprint and customer mix.
• Pinnacle Financial Partners: Tennessee-headquartered regional bank with strong presence in Tennessee, Alabama, North Carolina, South Carolina, Virginia, and Georgia. Competes directly with Trustmark in Tennessee and adjacent Southeast markets.
• First Horizon Corporation: Memphis-based regional bank with retail, commercial, and wealth management across the Southeast. Direct competitor in Tennessee, Mississippi, and Florida markets with similar product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Trustmark_Bank
• LinkedInlinkedin.com/company/trustmark-national-bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A12 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trustmark National Bank