Truxton Corporation Named 9th Top Community Bank in U.S. by American Banker
Truxton (OTCPK: TRUX), the parent company of Truxton Trust, has been named the 9th top community bank in the U.S. by American Banker.
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Truxton (OTCPK: TRUX), the parent company of Truxton Trust, has been named the 9th top community bank in the U.S. by American Banker. This recognition highlights Truxton's exceptional performance with a 3-year return on average equity (ROAE) of 20.98% for the period ending December 31, 2023. Truxton has been featured in American Banker’s annual ranking for twelve consecutive years and holds the distinction of being the highest-ranked bank based in Tennessee. The bank's ROAE for 2023 alone was an impressive 22.3%. Both CEO Tom Stumb and CFO Austin Branstetter attribute this success to the company's commitment to excellent client service and prudent equity capital management.
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- Honored for 3-year return on average equity
- Recognized as a top bank for the twelfth year in a row
- Top-ranked bank in Tennessee
NASHVILLE, Tenn., July 12, 2024 (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 community banks in the nation. Truxton Corporation has earned this recognition for twelve consecutive years and is 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
“It’s an honor to be recognized by American Banker as a top ten bank in the country,” said Tom Stumb, Chairman and Chief Executive Officer. “Our consistently high return on equity is a direct reflection of the elevated service we provide to clients and the exceptional performance of our talented and dedicated colleagues.” Austin Branstetter, Chief Financial Officer, added, “We earned a
About Truxton
Truxton is a premier provider of wealth, banking, 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 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 |
| Austin Branstetter | Swan Burrus |
| 615-250-0783 | 615-250-0773 |
| austin.branstetter@truxtontrust.com | swan.burrus@truxtontrust.com |
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