OCC Assesses $4 Million Civil Money Penalty Against Trustmark National Bank For Violations of the Fair Housing Act — 2021-10-22

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $4 million civil money penalty against Trustmark National Bank, Jackson, Miss., for violations of the Fair Housing Act. The OCC found that Trustmark National Bank denied residents of majority minority and high minority neighborhoods in Memphis equal access to mortgage loans. This disparate treatment was evidenced through the bank’s pattern of mortgage application and origination activity, branching history, mortgage loan officer structure and operations, and marketing and advertising. Based on these findings, the OCC determined that the bank violated the Fair Housing Act, 42 U.S.C. §§ 3604(a), (b), and 3605(a); and its implementing regulation, 24 C.F.R. §§ 100.120 and 100.50. The OCC’s action is based on an examination that focused on the bank’s lending activities from 2014 to 2016.