First CornerStone Bank

Status:Inactive as of 05/06/2016
 Absorption - Assisted
Successor Bank:First-Citizens Bank & Trust Company
Headquarters:First CornerStone Bank
1004 West Ninth Avenue
King Of Prussia, PA 19406
Established:03/20/2000
FDIC Insurance:03/20/2000
FDIC Cert:#35312
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$103,307,000
Total Deposits:$101,040,000

History

2000-03-20Institution established: Original name:First CornerStone Bank
2016-05-06Failed. Acquired with government financial assistance and subsequently operated as part of First-Citizens Bank & Trust Company (11063)
2016-09-01Acquired Bank of Virginia (57627) in MIDLOTHIAN, VA
2017-01-13Acquired Harvest Community Bank (34951) in PENNSVILLE, NJ as part of a government assisted transaction.
2017-05-05Acquired Guaranty Bank (30003) in MILWAUKEE, WI as part of a government assisted transaction.
2018-04-30Acquired HomeBanc (58194) in TAMPA, FL
2018-10-02Acquired Securant Bank & Trust (12515) in MENOMONEE FALLS, WI
2018-11-01Acquired Palmetto Heritage Bank & Trust (57880) in PAWLEYS ISLAND, SC
2019-04-01Acquired Biscayne Bank (57973) in COCONUT GROVE, FL
2019-05-01Acquired First South Bank (34222) in SPARTANBURG, SC
2019-12-31Acquired Entegra Bank (31445) in Franklin, NC
2020-02-01Acquired Gwinnett Community Bank (35249) in DULUTH, GA

Financial Information (2016-03-31 and Older)