Mercantile Savings Bank

Status:Inactive as of 04/19/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Mercantile Federal Savings Bank
Headquarters:Mercantile Savings Bank
579 Goodman Road East
Southaven, MS 38671
Established:01/01/1973
FDIC Insurance:08/09/1989
FDIC Cert:#31914
Charter Class:
Total Assets:$33,779,000
Total Deposits:$33,995,000

History

1973-01-01Institution established: Original name:North Delta Savings and Loan Association
1984-03-31Changed name to Mercantile Savings Bank
1987-03-31Moved bank headquarters from MARKS, MS to SOUTHAVEN, MS
1991-04-19Placed into government conservatorship.
1991-04-19Failed, went into receivership, and then became part of Mercantile Federal Savings Bank (33386)
1991-04-19Institution established: Original name:Mercantile Federal Savings Bank (33386)
1991-10-25Acquired after government financial assistance and subsequently operated as part of First Tennessee Bank National Association Mississippi (33521)
1991-10-25Institution established: Original name:First Tennessee Bank National Association Mississippi (33521)
1991-10-25Government conservatorship or bridge bank resolved.
1993-12-31Acquired New South Bank (11442) in COMO, MS
1998-12-18Merged into and subsequently operated as part of First Tennessee Bank, National Association (4977) in MEMPHIS, TN
1999-09-03Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
2001-03-23Acquired Cleveland Bank and Trust Company (1691) in CLEVELAND, TN
2001-11-16Acquired Peoples Bank (11422) in SENATOBIA, MS
2005-07-22Acquired United Bank and Trust Company (23052) in SAINT PETERSBURG, FL
2005-08-26Acquired First National Bank West Metro (57261) in DALLAS, GA
2005-12-15Acquired Town and Country Bank of the Ozarks (34808) in REPUBLIC, MO
2006-07-01Acquired The State Bank (16834) in ROCKY FORD, CO
2007-08-31Acquired Centerville State Bank (15067) in CENTERVILLE, KS
2013-06-07Acquired Mountain National Bank (34789) in SEVIERVILLE, TN as part of a government assisted transaction.
2015-10-17Acquired TrustAtlantic Bank (35163) in RALEIGH, NC
2017-11-30Acquired Capital Bank Corporation (59049) in RALEIGH, NC
2019-10-26Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2019-10-26Changed name to First Horizon Bank (4977)
2019-10-26Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL RESERVE BOARD
2020-07-02Acquired Iberiabank (28100) in LAFAYETTE, LA