- Honored for 3-year return on average equity
- Recognized as a top bank for the fifth year in a row
- Highest ranked bank in Nashville
NASHVILLE, Tenn., April 27, 2017 (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 as one of the top 200 best performing banks in the nation. Truxton Corporation is the highest ranked bank in Nashville to appear on the list and the only bank in Nashville to be listed for the last five consecutive years.
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 40 out of 669 institutions that fit the criteria, with a 3-year ROAE of 12.28 percent.
Andrew May, President and Chief Financial Officer, said, “This recognition of high returns on equity is emblematic of thoughtful stewardship, experience, and skillful execution of strategy.” Tom Stumb, Chairman and Chief Executive Officer, said, “As we continue to focus on growth, we are honored to be recognized as one of the healthiest banks in Tennessee.”
About Truxton Trust
Truxton Trust 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 vastly experienced and credentialed team of professionals who provide comprehensive and customized financial solutions to individuals, their families and their business interests.