Perpetual State Bank

Status:Inactive as of 08/30/1996
 Merger - Without Assistance
Successor Bank:The Fidelity Bank
Headquarters:Perpetual State Bank
114 West Second Avenue
Lexington, NC 27292
Established:01/01/1903
FDIC Insurance:04/08/1947
FDIC Cert:#28189
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$46,725,000
Total Deposits:$36,260,000

History

1903-01-01Institution established: Original name:Perpetual Federal Savings and Loan Association
1989-05-31Changed organization type to MUTUAL SAVINGS BANK
1989-05-31Changed name to Perpetual Federal Savings Bank
1993-07-23Changed name to Perpetual Savings Bank, SSB
1995-04-11Changed organization type to STOCK SAVINGS BANK
1995-04-11Changed name to Perpetual Savings Bank, Inc., SSB
1995-07-01Changed organization type to COMMERCIAL BANK
1995-07-01Changed name to Perpetual State Bank
1996-08-30Merged into and subsequently operated as part of The Fidelity Bank (11507) in FUQUAY-VARINA, NC
2013-11-15Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED

Financial Information (1995-12-31 and Older)