1st State Bank

Status:Inactive as of 01/17/2006
 Merger - Without Assistance
Successor Bank:Capital Bank
Headquarters:1st State Bank
445 South Main Street
Burlington, NC 27215
Established:01/01/1914
FDIC Insurance:08/09/1989
FDIC Cert:#27789
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$370,428,000
Total Deposits:$271,499,000

History

1914-01-01Institution established: Original name:First Federal Savings and Loan Association
1987-12-31Changed organization type to MUTUAL SAVINGS BANK
1987-12-31Changed name to Financial First FSB
1993-12-15Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
1993-12-15Changed name to 1st State Savings Bank, SSB
1998-08-24Changed name to 1st State Bank
1999-04-23Changed organization type to COMMERCIAL BANK
1999-04-26Changed organization type to COMMERCIAL BANK
2006-01-17Merged into and subsequently operated as part of Capital Bank (34452) in RALEIGH, NC
2011-06-30Changed name to Capital Bank, National Association (59049)
2011-06-30Merged into and subsequently operated as part of Capital Bank, National Association (59049) in MIAMI, FL
2011-09-08Acquired GreenBank (895) in GREENEVILLE, TN
2011-12-09Moved bank headquarters from MIAMI, FL to CORAL GABLES, FL
2012-10-11Acquired Southern Community Bank and Trust (34321) in WINSTON SALEM, NC
2015-11-17Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2015-11-17Changed name to Capital Bank Corporation (59049)
2015-11-17Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2015-11-17Changed organization type to COMMERCIAL BANK
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 (2005-12-31 and Older)