Truxton Corporation Recognized as Top Performing Community Bank for Twelfth Consecutive Year
Truxton Corporation, the parent company of Truxton Trust Company, has once again been honored as one of the top 200 best performing community banks in the United States. This recognition marks the twelfth consecutive year that Truxton Corporation has achieved this prestigious accolade.
American Banker, a leading financial publication, determines its annual ranking based on the return on average equity (ROAE) across three years for publicly traded banks with less than $2 billion in assets. Truxton Corporation secured the 9th position on the list, boasting an impressive 3-year ROAE of 20.98 percent for the period ending December 31, 2023.
Chairman and Chief Executive Officer of Truxton Corporation, Tom Stumb, expressed his pride in the achievement, stating, ‘It’s an honor to be recognized by American Banker as a top ten bank in the country. 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, the Chief Financial Officer of Truxton Corporation, added, ‘We earned a remarkable 22.3% return on average equity in 2023 and seek to continue our trend of exceptional long-term returns through prudent stewardship of our equity capital.’
Truxton Corporation, founded in 2004 in Nashville, Tennessee, is a premier provider of wealth, banking, and family office services for affluent individuals, their families, and their business interests. With a commitment to doing the right thing, Truxton Trust Company, a subsidiary of Truxton Corporation, offers customized solutions to meet the complex financial needs of its clients.
For more information about Truxton Corporation and its services, please visit truxtontrust.com.