Home Savings, SSB

Status:Inactive as of 09/18/2001
 Merger - Without Assistance
Successor Bank:First Bank
Headquarters:Home Savings, SSB
22 Winston Street
Thomasville, NC 27360
Established:01/01/1915
FDIC Insurance:08/09/1989
FDIC Cert:#31012
Charter Class:
Total Assets:$105,242,000
Total Deposits:$85,942,000

History

1915-01-01Institution established: Original name:Home Savings and Loan Association
1993-01-01Changed organization type to MUTUAL SAVINGS BANK
1993-01-01Changed name to Home Savings, SSB
1996-12-20Changed organization type to STOCK SAVINGS BANK
2001-09-18Merged into and subsequently operated as part of First Bank (15019) in TROY, 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 OFFICE OF THRIFT SUPERVISION 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 (2000-12-31 and Older)