- Honored for 3-year return on average equity
- Recognized as a top bank for the fourth year in a row
NASHVILLE, Tenn., April 28, 2016 (GLOBE NEWSWIRE) -- Truxton Corporation (OTCPK:TRUX), a financial holding company and the parent of Truxton Trust Company, announced today that it has been recognized by American Banker magazine as one of the top 200 best performing banks in the nation. Truxton Corporation is the only bank in Nashville to appear on the list for the last four consecutive years, climbing the ranks from 171st, 106th, and 61st to 36th, respectively.
American Banker’s annual ranking of publicly traded banks with less than $2 billion of assets is determined by return on average equity across three years. Truxton Corporation ranked 36 out of 684 institutions that fit the criteria, with a 3-year ROAE of 12.16 percent.
Andrew May, President and Chief Financial Officer, said, “We’re very pleased to receive this recognition as it demonstrates the importance we place on doing the best for our clients and shareholders.” Tom Stumb, Chairman and Chief Executive Officer, said, “This recognition, for the fourth year in a row, is validation that our company’s unique business model delivers sustained, steady revenue growth to our banking and wealth management practices.”
About Truxton Trust
Truxton Trust Company is a full-service private bank and trust company founded in 2004. Since its inception, Truxton Trust has been focused on a singular guiding principle: do the right thing. Truxton Trust delivers the highest level of personal service through its experienced and credentialed team of professionals who provide comprehensive and customized financial solutions to individuals, their families and their business interests.