Magna Bank

Status:Inactive as of 07/18/1997
 Merger - Without Assistance
Participated in Absorption/Consolidation/Merger
Change in Insurance Status
Successor Bank:Magna Bank
Headquarters:Magna Bank
100 East Park Avenue
Waterloo, IA 50704
Established:06/15/1933
FDIC Insurance:01/01/1934
FDIC Cert:#4518
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$679,741,000
Total Deposits:$460,831,000

History

1933-06-15Institution established: Original name:The National Bank of Waterloo
1986-06-01Acquired Gilbertville Savings Bank (14691) in GILBERTVILLE, IA
1988-05-13Acquired The First National Bank of Tama County (14391) in DYSART, IA
1988-05-13Acquired The First Community Bank and Trust (14431) in TRAER, IA
1990-12-31Acquired Midway Bank & Trust (18420) in CEDAR FALLS, IA
1995-01-01Changed name to Homeland Bank, National Association
1997-03-01Changed name to Magna Bank, National Association
1997-07-18Acquired Magna Bank (13151) in INDIANOLA, IA
1997-07-18Merged into and subsequently operated as part of Magna Bank, National Association (20606) in BRENTWOOD, MO
1997-07-18Acquired Magna Bank, FSB (30082) in WATERLOO, IA
1997-07-18Acquired Magna Bank, National Association in WATERLOO, IA
1997-07-18Acquired Magna Bank (959) in MONTICELLO, IA
1997-07-18Acquired Magna Bank (16364) in OELWEIN, IA
1998-10-09Merged into and subsequently operated as part of Union Planters Bank, National Association (4979) in MEMPHIS, TN
1998-12-31Acquired Ready State Bank (24795) in HIALEAH, FL
1999-02-01Acquired Merchants Bank (20263) in HOUSTON, TX
1999-02-19Acquired Bank of LaPlace of St. John the Baptist Parish, Louisiana (23194) in LAPLACE, LA
1999-03-19Acquired Charter Bank, S.B. (27722) in SPARTA, IL
1999-05-07Acquired Ambank Illinois, National Association (3831) in ROBINSON, IL
1999-05-07Acquired AmBank Indiana, National Association (4415) in VINCENNES, IN
1999-05-21Acquired The First National Bank of Wetumpka (2839) in WETUMPKA, AL
1999-05-21Acquired First Mutual Bank, S.B. (30620) in DECATUR, IL
1999-06-11Acquired Bank of Cumberland (1878) in BURKESVILLE, KY
1999-06-25Acquired First and Farmers Bank of Somerset, Inc. (2724) in SOMERSET, KY
1999-07-09Acquired First Bank of East Tennessee, National Association (29054) in LA FOLLETTE, TN
1999-07-09Acquired The First National Bank and Trust Company of Corbin (2686) in CORBIN, KY
1999-07-16Acquired Alvin State Bank (11892) in ALVIN, TX
1999-07-16Acquired Republic National Bank of Miami (19511) in MIAMI, FL
1999-08-13Acquired Union Planters Bank of Kentucky, National Association (2763) in PADUCAH, KY
2000-02-12Acquired First State Bank of Covington, Tennessee (9192) in COVINGTON, TN
2002-06-21Acquired Jefferson Heritage Bank (30292) in DENTON, TX
2003-06-09Acquired Union Planters Bank of Northwest Tennessee FSB (29347) in PARIS, TN
2004-12-11Acquired Union Planters Bank of the Lakeway Area (15409) in MORRISTOWN, TN
2005-06-30Merged into and subsequently operated as part of Regions Bank (12368) in BIRMINGHAM, AL
2005-09-29Acquired Regions Morgan Keegan Trust, F.S.B. (35162) in BIRMINGHAM, AL
2006-11-04Acquired AmSouth Bank (26800) in BIRMINGHAM, AL
2007-11-30Reorganized.
2008-08-29Acquired Integrity Bank (35469) in ALPHARETTA, GA as part of a government assisted transaction.
2009-02-06Acquired FirstBank Financial Services (57017) in MCDONOUGH, GA as part of a government assisted transaction.

Financial Information (1996-12-31 and Older)