Trustmark National Bank and Agility Bank (in organization) Enter Strategic Collaboration Agreement
January 27 2022 - 11:30AM
Business Wire
Trustmark National Bank, a wholly-owned subsidiary of Trustmark
Corporation (NASDAQGS:TRMK) and Agility Bank (in organization) are
pleased to announce that the companies have entered a strategic
collaboration agreement to highlight the strengths and deepen the
community commitment of both banks as part of the Project REACh
Initiative with the Office of the Comptroller of the Currency.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220127005135/en/
The Project REACh Initiative, standing for Roundtable for
Economic Access and Change, encourages meaningful partnerships to
assist minority-owned banks to be important financial resources in
their communities and a vibrant part of the economic landscape.
Agility Bank (in organization) will be the first primarily
women-owned and led Minority Depository Institution (MDI) organized
for this purpose in the U.S.
“This is truly a unique opportunity to reach deeper into the
areas we serve to meet the growing needs of women and all minority
business owners,” said Duane Dewey, Trustmark CEO. “Women-owned
businesses are growing at twice the rate of all businesses
nationwide, and we are committed to supporting this growth.”
Trustmark will share educational and marketing activities in
local communities to ensure more information is put into the hands
of those who have developed businesses and those who aspire to
become business owners. In addition to an equity investment in
Agility, Trustmark also will share in loan participations and
deposits, as well as provide access to its comprehensive range of
personal and business banking services.
“We are particularly excited about this relationship with
Trustmark given its history in its communities and the
opportunities to support women and minority-owned businesses,”
noted Lauren Sparks, Founder, Chair and CEO of Agility Bank (in
organization). “The growth of these companies is key to the
continued success of our communities.”
“The collaboration between Trustmark and Agility Bank is an
excellent way to highlight our continued commitment to women and
minorities who have formed companies that greatly support the
economy,” said Dewey.
About Trustmark
Trustmark Corporation is a diversified financial services
company headquartered in Jackson, Mississippi, with 180 locations
in Alabama, Florida, Mississippi, Tennessee, and Texas. Trustmark
provides banking, wealth management and insurance solutions through
its subsidiaries, including Trustmark National Bank, Trustmark
Investment Advisors, Inc., and FBBINSURANCE. Visit trustmark.com
for more information.
About Agility Bank (in organization)
Agility Bank (in organization) is the first primarily
women-owned and led bank created for this purpose in the U.S. under
a special Minority Depository Institution national charter of the
Office of the Comptroller of the Currency. With a focus on
community business banking, the bank will serve all small and
mid-size business owners. Houston-based Agility will provide a
flexible digital-based platform that is as close to a fintech
banking experience as business owners need or want. Coupled with
the knowledge of savvy bankers, clients will have access to
personal service powered by robust technology. For more
information: www.agilitybanking.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220127005135/en/
Melanie Morgan Trustmark Director of Corporate Communications
& Marketing 601.208.2979 mmorgan@trustmark.com Sarah Peterson
Agility Bank 713.702.4470 sarah@agilitybanking.com
Trustmark (NASDAQ:TRMK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Trustmark (NASDAQ:TRMK)
Historical Stock Chart
From Jul 2023 to Jul 2024