Coastal Federal Bank

Status:Inactive as of 08/18/2007
 Merger - Without Assistance
Successor Bank:Truist Bank
Headquarters:Coastal Federal Bank
2619 North Oak Street
Myrtle Beach, SC 29577
Established:01/11/1954
FDIC Insurance:08/09/1989
FDIC Cert:#30683
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$1,761,280,000
Total Deposits:$940,260,000

History

1954-01-11Institution established: Original name:Coastal Federal Savings and Loan Association
1989-05-31Changed organization type to MUTUAL SAVINGS BANK
1989-05-31Changed name to Coastal Federal Savings Bank
1991-01-31Changed organization type to STOCK SAVINGS BANK
2001-09-20Changed name to Coastal Federal Bank
2007-08-18Merged into and subsequently operated as part of Branch Banking and Trust Company (9846) in WINSTON SALEM, NC
2008-12-12Acquired Haven Trust Bank (35379) in DULUTH, GA as part of a government assisted transaction.
2009-08-14Acquired Colonial Bank (9609) in MONTGOMERY, AL as part of a government assisted transaction.
2012-08-02Acquired BankAtlantic (30559) in FORT LAUDERDALE, FL
2013-01-01Acquired BB&T Financial, FSB (34780) in COLUMBUS, GA
2013-01-01Reorganized.
2013-05-01Reorganized.
2015-06-19Acquired The Bank of Kentucky, Inc. (33022) in CRESTVIEW HILLS, KY
2015-08-01Acquired Semper Trust Company (33308) in KING OF PRUSSIA, PA
2015-08-01Acquired Susquehanna Trust & Investment Company (35359) in LANCASTER, PA
2015-08-01Acquired Susquehanna Bank (7579) in LITITZ, PA
2016-04-01Acquired National Penn Bank (7414) in ALLENTOWN, PA
2019-12-07Moved bank headquarters from WINSTON SALEM, NC to CHARLOTTE, NC
2019-12-07Acquired SunTrust Bank (867) in ATLANTA, GA
2019-12-07Changed name to Truist Bank (9846)

Financial Information (2007-06-30 and Older)