Southern Community Bank and Trust

Status:Inactive as of 10/11/2012
 Merger - Without Assistance
Successor Bank:Capital Bank Corporation
Headquarters:Southern Community Bank and Trust
4701 Country Club Road
Winston Salem, NC 27104
Established:11/18/1996
FDIC Insurance:11/18/1996
FDIC Cert:#34321
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$1,387,119,000
Total Deposits:$1,093,350,000

History

1996-11-18Institution established: Original name:Southern Community Bank and Trust
1998-03-31Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED
2001-02-02Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2001-02-02Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2001-02-02Moved bank headquarters from WINSTON-SALEM, NC to WINSTON SALEM, NC
2004-10-18Acquired The Community Bank (26919) in PILOT MOUNTAIN, NC
2006-11-17Changed primary regulatory agency from FEDERAL RESERVE BOARD to FEDERAL DEPOSIT INSURANCE CORPORATION
2006-11-17Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2012-10-11Merged into and subsequently operated as part of Capital Bank, National Association (59049) in CORAL GABLES, FL
2015-11-17Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2015-11-17Changed organization type to COMMERCIAL BANK
2015-11-17Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2015-11-17Changed name to Capital Bank Corporation (59049)
2016-02-04Moved bank headquarters from CORAL GABLES, FL to RALEIGH, NC
2016-10-26Acquired Communityone Bank, National Association (4879) in ASHEBORO, NC
2017-11-30Merged into and subsequently operated as part of First Tennessee Bank, National Association (4977) in MEMPHIS, TN
2019-10-26Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2019-10-26Changed name to First Horizon Bank (4977)
2019-10-26Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2020-07-02Acquired Iberiabank (28100) in LAFAYETTE, LA

Financial Information (2012-09-30 and Older)