secwatch.observer — SEC 8-K summary
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Issuer:     TRUSTMARK CORP (TRMK)
CIK:        0000036146
Form:       8-K
Filed at:   2021-10-22T23:59:59+00:00
Accession:  0000950170-21-002232
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trustmark settles redlining allegations with DOJ/OCC/CFPB; pays $5M penalty, commits $3.85M to loan subsidy fund
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- Civil money penalty of $5M: $4M to OCC, $1M to CFPB.
- Over 5 years, $3.85M loan subsidy fund for majority-Black/Hispanic census tracts in Memphis MSA.
- Additionally, $200K/year for advertising/outreach and $400K for community development partnerships over 5 years.
- Will open a new mortgage loan production office in a majority-Black/Hispanic neighborhood in Memphis.
- Alleged violations of Fair Housing Act, ECOA, and Consumer Financial Protection Act occurred 2014-2016.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36146/000095017021002232/0000950170-21-002232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36146/000095017021002232/trmk-20211022.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-002232

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer