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NASHVILLE, Tenn., May 07, 2019 (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 has earned this recognition for seven consecutive years and is the only Nashville bank in the top 100.
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 21 out of 601 institutions that fit the criteria, with a 3-year return on average equity of 13.48 percent.
Andrew May, President and Chief Financial Officer, said, “We are honored to be recognized by American Banker. We produced high returns on equity despite very conservative capital ratios.” Tom Stumb, Chairman and Chief Executive Officer, said, “2018 marked our highest returns on assets and equity in our 15 years and we look forward to the next 15 and beyond.”
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.