Classic Bank

Status:Inactive as of 05/20/2005
 Merger - Without Assistance
Successor Bank:City National Bank of West Virginia
Headquarters:Classic Bank
344 17th St
Ashland, KY 41105
Established:01/01/1910
FDIC Insurance:08/10/1937
FDIC Cert:#29884
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$333,205,000
Total Deposits:$240,550,000

History

1910-01-01Institution established: Original name:Ashland Federal Savings and Loan Association
1996-01-01Changed name to Ashland Federal Savings Bank
1996-01-01Changed organization type to STOCK SAVINGS BANK
1997-03-28Changed name to Classic Bank
1999-05-15Acquired Citizens Bank (32855) in GRAYSON, KY
2000-06-30Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2000-06-30Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
2000-06-30Changed organization type to COMMERCIAL BANK
2001-03-16Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2001-03-16Acquired The First National Bank of Paintsville (2717) in PAINTSVILLE, KY
2003-06-20Acquired First Federal Savings Bank of Ironton (29468) in IRONTON, OH
2005-05-20Merged into and subsequently operated as part of City National Bank of West Virginia (17735) in CHARLESTON, WV
2012-05-31Acquired Virginia Savings Bank, F.S.B. (32039) in FRONT ROYAL, VA
2013-01-10Acquired Community Bank (30417) in STAUNTON, VA
2018-12-07Acquired Farmers Deposit Bank (266) in CYNTHIANA, KY
2018-12-07Acquired TOWN SQUARE BANK (29877) in ASHLAND, KY

Financial Information (2005-03-31 and Older)