Leadership
We greatly value the leadership, counsel, and guidance
of our Board of Directors. Trustmarks Directors are actively engaged in our governance and strategic direction and work with management to enhance the value of our franchise. During the year, Toni D. Cooley retired after 17 years of service on
the Trustmark National Bank Board and 9 years on the Trustmark Corporation Board. Toni served on numerous committees over the years, including serving as Chair of the Enterprise Risk Committee. We appreciate her leadership and many contributions to
Trustmark.
FIT2GROW
During the year we announced FIT2GROW, a comprehensive
program of Focus, Innovation and Transformation designed to enhance Trustmarks ability to grow and serve customers. Trustmark has expanded geographically as well as entered new business lines designed to enhance growth, service to customers,
and profitability. Trustmark entered the Atlanta, GA, market with the opening of a loan production office in late 2021. During 2022, this office became fully operational with a focus on our institutional businesses, including Commercial Real Estate,
Residential Real Estate, Corporate Banking, and Specialty Banking. Within our Specialty Banking unit based in Atlanta, we established an Equipment Finance line of business with a seasoned team of professionals to focus on national, middle-to-large ticket business. We look forward to the contributions of these businesses to our financial results going forward. |
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As part of FIT2GROW, we refocused our community bank efforts on commercial, business, and
consumer lines of business to provide additional expertise for our customers and enhance profitable revenue growth. We also accelerated efforts to optimize our branch network, reflecting changing customer preferences and the steady migration to
mobile and digital channels. In 2022, we consolidated 12 branch offices, opened a full-service banking center as well as loan production offices in Birmingham, AL, and Memphis, TN.
Innovation is also a key component of FIT2GROW. In recent years, investments in state-of-the-art technology were made in Trustmarks insurance, wealth management and mortgage banking areas as well as in human resources and accounting systems.
We also made significant upgrades to our mobile banking platform, ITM network and digital marketing programs. During the year, we successfully converted to a new core loan system and implemented a state-of-the-art loan origination platform. Collectively, these investments are designed to provide
best-in-class service to customers as well as enhance our growth, productivity, and efficiency.
Strategic Focus
Looking forward, we will continue to pursue
opportunities to redesign workflows and restructure the organization to further leverage investments in technology that will broaden our reach, enhance the customer experience, and improve efficiency. We remain focused on providing the financial
services and advice our customers have come to expect while building long-term value for our shareholders. Finally, we are honored to serve our customers, who have chosen us as their financial partner. Trustmark is People you trust. Advice
that works. Sincerely,
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