Trustmark Corporation, the Jackson, Mississippi-based holding company for Trustmark Bank, has named Thomas C. Owens, currently Treasurer and Principal Financial Officer, as Chief Operating Officer of Trustmark Bank, and appointed Joseph E. Bond, who joins from Texas Capital Bancshares, to succeed him in his finance roles. Both changes take effect on May 1, 2026, Trustmark announced on March 30.
Duane A. Dewey, President and Chief Executive Officer of Trustmark Corporation and Trustmark Bank, praised Owens in the announcement.
OWENS’ PROVEN TRACK RECORD
At 62, Thomas C. Owens brings more than 38 years of experience to his new role as Chief Operating Officer of Trustmark Bank. Owens joined Trustmark in 2013 as Executive Vice President and Bank Treasurer, where he managed the investment portfolio, liquidity, interest rate risk, and capital stress testing. Since 2021, he has served as Executive Vice President and Chief Financial Officer of Trustmark Bank, as well as Treasurer and Principal Financial Officer of Trustmark Corporation, providing leadership in capital management, financial planning, and funds management.
Owens holds a Bachelor of Science in Business Administration and Finance from The Ohio State University, and a Master of Business Administration with a finance concentration from Winthrop University. In connection with his appointment, Owens will receive a one-time time-based restricted stock unit award valued at $150,000, vesting in three years, alongside a $550,000 annual salary and a 2026 short-term incentive bonus target of 70% of salary.
BOND STEPS INTO FINANCE ROLE
Succeeding Owens, 63-year-old Joseph E. Bond will assume the roles of Treasurer and Principal Financial Officer of Trustmark Corporation, and Executive Vice President and Chief Financial Officer of Trustmark Bank. Bond joins with 40 years of experience, most recently as Corporate Treasurer at Texas Capital Bancshares, Inc., in Dallas since 2022, and Executive Vice President and Director of Corporate Treasury since 2021. Dewey said Bond has extensive experience in asset-liability and capital management with larger regional banks; his previous roles include Executive Vice President and Asset Liability Manager at BBVA USA and Senior Vice President, Investment Portfolio and Funding Manager at Webster Bank.
Bond’s compensation package includes a $200,000 restricted stock unit award, a $457,000 salary, a 60% bonus target for 2026, and a change-in-control agreement.
STRATEGIC CONTEXT FOR TRUSTMARK
Trustmark Corporation (NASDAQ: TRMK) provides banking and financial solutions through offices in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Dewey said he looked forward to working with Owens "to enhance the growth and profitability of our franchise and create additional value for our shareholders."