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- Trustmark Corp. (NASDAQ:TRMK) has put its insurance distribution unit up for sale, Insurance Insider US reported on Monday.
- The news follows other recent moves by banks to divest their insurance operations, the report said. Last month, Truist Financial (TFC) agreed to sell its remaining stake in Truist Insurance Holdings to an investor group in a deal that values the entire business at $15.5B.
- Trustmark (TRMK) stock rose 3.2% in late Monday trading.