Magna Bank
| Status: | Inactive as of 09/01/2015 |
| Merger - Without Assistance | |
| Successor Bank: | Pinnacle Bank |
| Headquarters: | Magna Bank 6525 Quail Hollow Road Memphis, TN 38120 |
| Established: | 01/27/1999 |
| FDIC Insurance: | 01/27/1999 |
| FDIC Cert: | #34937 |
| Charter Class: | Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) |
| Total Assets: | $587,884,000 |
| Total Deposits: | $447,654,000 |
History
| 1999-01-27 | Institution established: Original name:First Trust Bank for Savings | |
| 2007-05-14 | Changed name to Magna Bank | |
| 2011-07-21 | Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY | |
| 2012-05-31 | Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS | |
| 2012-05-31 | Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL RESERVE BOARD | |
| 2012-05-31 | Changed organization type to COMMERCIAL BANK | |
| 2015-09-01 | Merged into and subsequently operated as part of Pinnacle Bank (35583) in NASHVILLE, TN | |
| 2016-07-01 | Acquired Avenue Bank (6106) in NASHVILLE, TN | |
| 2017-06-16 | Acquired Bank of North Carolina (33527) in THOMASVILLE, NC |