Central State Bank

Status:Inactive as of 08/26/1994
 Merger - Without Assistance
Successor Bank:First Bank
Headquarters:Central State Bank
1200 North Main Street
High Point, NC 27262
Established:03/18/1926
FDIC Insurance:01/01/1934
FDIC Cert:#9856
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$36,531,000
Total Deposits:$32,120,000

History

1926-03-18Institution established: Original name:Central Savings Bank
1986-05-14Changed name to Central State Bank
1994-08-25Reorganized.
1994-08-26Merged into and subsequently operated as part of First Bank (15019) in TROY, NC
1995-12-15Acquired First Scotland Bank (25839) in LAURINBURG, NC
2000-11-17Acquired First Savings Bank of Moore County, Inc., SSB (28074) in SOUTHERN PINES, NC
2001-09-18Acquired Home Savings, SSB (31012) in THOMASVILLE, NC
2003-05-16Acquired Carolina Community Bank, National Association (11537) in LATTA, SC
2008-05-16Acquired Sentry Bank & Trust (28032) in CHERAW, SC
2009-06-20Acquired Cooperative Bank (27837) in WILMINGTON, NC as part of a government assisted transaction.
2011-01-21Acquired The Bank of Asheville (34516) in ASHEVILLE, NC as part of a government assisted transaction.
2013-09-04Moved bank headquarters from TROY, NC to SOUTHERN PINES, NC
2015-04-22Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2015-04-22Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2017-03-04Acquired Carolina Bank (34348) in GREENSBORO, NC
2017-10-01Acquired Asheville Savings Bank, S.S.B. (29663) in ASHEVILLE, NC

Financial Information (1993-12-31 and Older)