Colonial Bank

Status:Inactive as of 08/14/2009
 Absorption - Assisted
Successor Bank:Truist Bank
Headquarters:Colonial Bank
100 Colonial Bank Boulevard
Montgomery, AL 36117
Established:01/02/1917
FDIC Insurance:01/01/1934
FDIC Cert:#9609
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$25,455,112,000
Total Deposits:$20,072,099,000

History

1917-01-02Institution established: Original name:Bank of Lexington
1985-06-19Changed name to The Colonial Bank of Northwest Alabama
1985-06-19Reorganized.
1985-06-24Acquired First National Bank in Tuscumbia (14417) in TUSCUMBIA, AL
1985-08-31Acquired The First National Bank of Russellville (14903) in RUSSELLVILLE, AL
1986-11-24Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1986-12-30Changed name to The Colonial Bank - Northern Region
1986-12-30Acquired The Colonial Bank of Alabama (19352) in BIRMINGHAM, AL
1986-12-30Acquired The Colonial Bank of North Alabama (18953) in HUNTSVILLE, AL
1987-05-04Acquired Athens-Limestone Bank, Inc. (24321) in ATHENS, AL
1987-05-18Acquired The Jackson County Bank (22873) in SCOTTSBORO, AL
1988-01-01Acquired The Colonial Bank of East-Central Alabama (21264) in PELL CITY, AL
1988-09-04Acquired The Colonial Bank of Hartselle (22751) in HARTSELLE, AL
1988-09-06Reorganized.
1989-11-27Changed name to Colonial Bank
1989-11-27Acquired Colonial Bank (19469) in DECATUR, AL
1989-11-27Reorganized.
1990-03-29Acquired The Colonial Bank - Gulf Coast Region (1729) in FOLEY, AL
1991-02-21Moved bank headquarters from LEXINGTON, AL to MONTGOMERY, AL
1991-02-21Reorganized.
1991-09-27Acquired First Federal Savings and Loan Association of Andalusia, F.A. (33266) in ANDALUSIA, AL
1993-03-20Acquired Auburn Federal Savings Bank (31427) in AUBURN, AL
1993-03-27Acquired Home Federal Savings Bank of Alabama (31279) in LAFAYETTE, AL
1993-07-23Acquired First Federal Savings and Loan Association of Russell County, FA (33634) in PHENIX CITY, AL as part of a government assisted transaction.
1993-11-13Acquired United Savings Bank FSB (30635) in ANNISTON, AL
1993-12-31Acquired First American Federal Savings and Loan Association (29359) in HUNTSVILLE, AL
1995-04-01Acquired Brundidge Banking Company, Inc. (74) in BRUNDIDGE, AL
1995-11-04Acquired Farmers and Merchants Bank (16791) in ARITON, AL
1996-07-08Acquired Dothan Federal Savings Bank (32593) in DOTHAN, AL
1997-04-03Acquired The Union Bank (1736) in EVERGREEN, AL
1997-06-13Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
1997-06-16Acquired Colonial Bank of Tennessee (33866) in ARDMORE, TN
1997-06-16Acquired Colonial Bank (33024) in LAWRENCEVILLE, GA
1997-07-01Acquired Colonial Bank (27325) in ORLANDO, FL
1997-07-01Acquired First Commerce Bank of Polk County (23669) in WINTER HAVEN, FL
1997-07-01Acquired Great Southern Bank (27513) in WEST PALM BEACH, FL
1997-09-16Acquired Dadeland Bank (20058) in MIAMI, FL
1997-10-02Acquired First Independence Bank of Florida (23929) in FORT MYERS, FL
1998-02-06Acquired Ashville Savings Bank (9049) in ASHVILLE, AL
1998-02-12Acquired First Central Bank (27242) in ST. PETERSBURG, FL
1998-02-13Acquired First National Bank of Florida at Bonita Springs (18950) in BONITA SPRINGS, FL
1998-02-20Acquired United American Bank of Central Florida (25848) in ORLANDO, FL
1998-06-16Acquired Commercial Bank of Nevada (33946) in LAS VEGAS, NV
1998-08-13Acquired Commercial National Bank (25013) in DAYTONA BEACH, FL
1998-09-18Acquired FIRSTBANK (33700) in DALLAS, TX
1998-10-02Acquired First Macon Bank & Trust Company (27288) in MACON, GA
1998-10-07Acquired Prime Bank of Central Florida (32545) in TITUSVILLE, FL
1998-10-14Acquired Interwest Bank (24313) in FALLON, NV
1998-12-01Acquired Texas Bank and Trust (24339) in DALLAS, TX
2002-03-29Acquired First Mercantile Bank, National Association (34625) in DALLAS, TX
2002-10-18Acquired Palm Beach National Bank & Trust Company (21051) in PALM BEACH, FL
2003-08-08Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2003-08-08Changed primary regulatory agency from FEDERAL RESERVE BOARD to COMPTROLLER OF THE CURRENCY
2003-08-08Changed name to Colonial Bank, National Association
2003-12-04Acquired Sarasota Bank (33644) in SARASOTA, FL
2005-02-10Acquired Union Bank of Florida (32518) in LAUDERHILL, FL
2005-06-02Acquired First Federal Savings Bank of Lake County (28856) in LEESBURG, FL
2007-06-08Acquired Commercial Bank of Florida (22813) in MIAMI, FL
2007-12-13Acquired Citrus and Chemical Bank (17283) in BARTOW, FL
2008-06-10Changed name to Colonial Bank
2008-06-10Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION
2008-06-10Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2009-08-14Failed. Acquired with government financial assistance and subsequently operated as part of Branch Banking and Trust Company (9846)
2012-08-02Acquired BankAtlantic (30559) in FORT LAUDERDALE, FL
2013-01-01Reorganized.
2013-01-01Acquired BB&T Financial, FSB (34780) in COLUMBUS, GA
2013-05-01Reorganized.
2015-06-19Acquired The Bank of Kentucky, Inc. (33022) in CRESTVIEW HILLS, KY
2015-08-01Acquired Susquehanna Trust & Investment Company (35359) in LANCASTER, PA
2015-08-01Acquired Semper Trust Company (33308) in KING OF PRUSSIA, PA
2015-08-01Acquired Susquehanna Bank (7579) in LITITZ, PA
2016-04-01Acquired National Penn Bank (7414) in ALLENTOWN, PA
2019-12-07Changed name to Truist Bank (9846)
2019-12-07Acquired SunTrust Bank (867) in ATLANTA, GA
2019-12-07Moved bank headquarters from MONTGOMERY, AL to CHARLOTTE, NC

Financial Information (2009-06-30 and Older)