Cumberland Bank

Status:Inactive as of 09/01/2004
 Merger - Without Assistance
Successor Bank:Cumberland Bank
Headquarters:Cumberland Bank
1001 North Main Street
Carthage, TN 37030
Established:01/01/1975
FDIC Insurance:08/09/1989
FDIC Cert:#31857
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$282,503,000
Total Deposits:$238,015,000

History

1975-01-01Institution established: Original name:Sand Loan Associationof Smith County Incorporated
1987-06-30Changed name to Cumberland Savings Bank
1990-08-01Changed organization type to COMMERCIAL BANK
1990-08-01Changed name to Cumberland Bank
1999-04-01Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL RESERVE BOARD
2004-09-01Merged into and subsequently operated as part of Cumberland Bank (31916) in FRANKLIN, TN
2007-05-18Merged into and subsequently operated as part of GreenBank (895) in GREENEVILLE, TN
2011-09-08Merged into and subsequently operated as part of Capital Bank, National Association (59049) in MIAMI, FL
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 institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2015-11-17Changed name to Capital Bank Corporation (59049)
2015-11-17Changed primary regulatory agency from FEDERAL RESERVE BOARD to FEDERAL DEPOSIT INSURANCE CORPORATION
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 primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2019-10-26Changed name to First Horizon Bank (4977)
2020-07-02Acquired Iberiabank (28100) in LAFAYETTE, LA

Financial Information (2004-06-30 and Older)