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Trustmark Corporation Message Board

  • sebanks sebanks Jul 29, 1998 1:00 PM Flag

    lawyer's bank

    You are correct Pickin! While traveling
    out-of-state, I try to investigate banks of which I'm invested.
    An interesting issue arose this past week! Banks in
    other states sale title issurance through the bank and
    receive a commission from the issurance company.
    Perfectly legal. TRMK requires title insurance(good) but
    lets the lawyer sale the policy with lawyer receiving
    commission. TRMK could be receiving this commission adding
    Million$ to bank income, increasing earnings for
    shareholders, no increase fee for customer, just cut lawyer out
    of commission(like other states). Would anyone on
    this thread like to see TRMK increase earnings so
    easily?

 
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