{"id":538885,"date":"2021-09-15T16:48:04","date_gmt":"2021-09-15T20:48:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/trustmark-national-bank-announces-60-million-allocation-award-for-southern-community-capital-llc\/"},"modified":"2021-09-15T16:48:04","modified_gmt":"2021-09-15T20:48:04","slug":"trustmark-national-bank-announces-60-million-allocation-award-for-southern-community-capital-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trustmark-national-bank-announces-60-million-allocation-award-for-southern-community-capital-llc\/","title":{"rendered":"Trustmark National Bank Announces $60 Million Allocation Award for Southern Community Capital, LLC"},"content":{"rendered":"

<\/p>\n

Trustmark National Bank Announces $60 Million Allocation Award for Southern Community Capital, LLC<\/b><\/p>\n

JACKSON, Miss.–(BUSINESS WIRE<\/a>)–
\nTrustmark National Bank, a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS:TRMK), is pleased to announce that its subsidiary, Southern Community Capital, LLC (SCC), has been selected to receive a $60,000,000 allocation award for investment in community projects under the New Markets Tax Credit Program (NMTC Program).\n<\/p>\n

\nAdministered by the U.S. Treasury\u2019s Community Development Financial Institutions Fund (CDFI Fund), the NMTC Program was established by Congress in 2000 to spur investments in businesses and real estate projects located in low-income communities. SCC has received two previous NMTC Allocation Awards totaling $100 million. The NMTC Program attracts private capital into low-income communities by permitting investors to receive a tax credit against their federal income tax in exchange for making investments in projects in economically distressed communities.\n<\/p>\n

\n\u201cSouthern Community Capital is appreciative of CDFI Fund\u2019s continued support of its efforts to deploy this highly flexible resource into underserved, predominantly rural communities in Alabama, Florida, Mississippi, Tennessee and Texas,\u201d said Monica Day, President and CEO of Southern Community Capital. \u201cWe will use the NMTC allocation to focus on financing borrowers whose projects will provide access to quality jobs and training, including workforce development and job skills.\u201d\n<\/p>\n

\nTrustmark, through SCC, is continually looking for quality NMTC projects that strengthen and enhance the communities in which it serves. For more information on how to obtain an equity investment through the NMTC program from Trustmark or an allocation from SCC, please contact taxcredits@trustmark.com<\/a> or visit www.trustmark.com\/southerncommunitycapital<\/a>.\n<\/p>\n

About Trustmark<\/b><\/p>\n

\nTrustmark Corporation is a diversified financial services company headquartered in Jackson, Mississippi, with 180 locations in Alabama, Florida, Mississippi, Tennessee and Texas. Trustmark provides banking, wealth management and insurance solutions through its subsidiaries, including Trustmark National Bank, Trustmark Investment Advisors, Inc., and FBBI<\/b>NSURANCE. Visit trustmark.com for more information.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210915005845\/en\/<\/a><\/span><\/p>\n

Trustmark Investor Contacts:
\n<\/b>
Thomas C. Owens
\n
Treasurer and Principal Financial Officer
\n
601-208-7853\n<\/p>\n

\nF. Joseph Rein, Jr.
\n
Senior Vice President
\n
601-208-6898\n<\/p>\n

Trustmark Media Contact:
\n<\/b>
Melanie A. Morgan
\n
Senior Vice President
\n
601-208-2979\n<\/p>\n

KEYWORDS:<\/b> Mississippi United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Trustmark National Bank Announces $60 Million Allocation Award for Southern Community Capital, LLC JACKSON, Miss.–(BUSINESS WIRE)– Trustmark National Bank, a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS:TRMK), is pleased to announce that its subsidiary, Southern Community Capital, LLC (SCC), has been selected to receive a $60,000,000 allocation award for investment in community projects under the New Markets Tax Credit Program (NMTC Program). Administered by the U.S. Treasury\u2019s Community Development Financial Institutions Fund (CDFI Fund), the NMTC Program was established by Congress in 2000 to spur investments in businesses and real estate projects located in low-income communities. SCC has received two previous NMTC Allocation Awards totaling $100 million. The NMTC Program attracts private capital into low-income communities by permitting investors to receive … <\/p>\n

Continue reading “Trustmark National Bank Announces $60 Million Allocation Award for Southern Community Capital, LLC”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-538885","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTrustmark National Bank Announces $60 Million Allocation Award for Southern Community Capital, LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trustmark-national-bank-announces-60-million-allocation-award-for-southern-community-capital-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trustmark National Bank Announces $60 Million Allocation Award for Southern Community Capital, LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Trustmark National Bank Announces $60 Million Allocation Award for Southern Community Capital, LLC JACKSON, Miss.–(BUSINESS WIRE)– Trustmark National Bank, a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS:TRMK), is pleased to announce that its subsidiary, Southern Community Capital, LLC (SCC), has been selected to receive a $60,000,000 allocation award for investment in community projects under the New Markets Tax Credit Program (NMTC Program). Administered by the U.S. Treasury\u2019s Community Development Financial Institutions Fund (CDFI Fund), the NMTC Program was established by Congress in 2000 to spur investments in businesses and real estate projects located in low-income communities. SCC has received two previous NMTC Allocation Awards totaling $100 million. 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