Bank Director magazine released its second quarter issue, recognizing FSG Bank Trust, now Southeastern Trust Company, for earning #14 in the nation in the publication's Trust Revenue Growth ranking.
Southeastern Trust received the top ranking in the state of Tennessee as well. The publication focuses on legal, talent, growth, audit & risk, governance and technology trends within the Banking industry.
According to Bank Intelligence Solutions, trust income grew by over 20 percent for the banking industry from 2012 to 2014 and accounted for more than 70 percent of wealth management income in 2014. Bank Director ranked the banks that showed the most growth in trust revenues in 2014 based on percentage growth in trust revenue.
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