Trustmark Corporation has announced that its principal subsidiary, Trustmark National Bank (TNB), has received approval from the Board of Governors of the Federal Reserve to become a member of the Federal Reserve System. This approval is part of TNB's ongoing application process with the Mississippi Department of Banking and Consumer Finance (MDBCF) to convert from a national banking association to a Mississippi-chartered banking corporation. While TNB has secured Federal Reserve approval, its application with the MDBCF remains pending. Currently, TNB continues to operate as a national banking association under the supervision of the Office of the Comptroller of the Currency. Trustmark Corporation will provide updates as developments occur regarding the MDBCF application.
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