Preferred Savings Bank, Inc.

Status:Inactive as of 03/08/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Preferred Savings Bank, F.S.B.
Headquarters:Preferred Savings Bank, Inc.
1912 Eastchester Drive
High Point, NC 27262
Established:03/01/1980
FDIC Insurance:06/24/1985
FDIC Cert:#32340
Charter Class:
Total Assets:$224,456,000
Total Deposits:$174,847,000

History

1980-03-01Institution established: Original name:Preferred Savings and Loan Association, Inc.
1986-08-21Changed name to Preferred Savings Bank, Inc.
1991-03-08Institution established: Original name:Preferred Savings Bank, F.S.B. (33336)
1991-03-08Failed, went into receivership, and then became part of Preferred Savings Bank, F.S.B. (33336)
1991-03-08Placed into government conservatorship.
1991-09-27Government conservatorship or bridge bank resolved.
1991-09-27Acquired after government financial assistance and subsequently operated as part of Southern National Bank of North Carolina (4899)
1992-03-20Acquired Workmens Federal Savings Bank (28300) in MOUNT AIRY, NC
1992-05-22Acquired First Security Federal Savings Bank (27901) in PINEHURST, NC
1993-01-29Acquired First Federal Savings Bank (28882) in WINSTON-SALEM, NC
1993-01-29Moved bank headquarters from HIGH POINT, NC to LUMBERTON, NC
1993-10-07Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
1993-10-07Acquired East Coast Savings Bank, SSB (28438) in GOLDSBORO, NC
1994-02-24Acquired Home Federal Savings Bank (30483) in STATESVILLE, NC
1994-03-28Acquired First Savings Bank, Inc., SSB (29619) in HICKORY, NC
1994-03-28Acquired Davidson Savings Bank, Inc., SSB (28073) in LEXINGTON, NC
1995-05-27Acquired Southern National Bank of North Carolina (4899) in LUMBERTON, NC
1995-05-27Acquired SNB Savings Bank, Inc., SSB (32115) in VALDESE, NC
1995-05-27Merged into and subsequently operated as part of Branch Banking and Trust Company (9846) in WINSTON-SALEM, NC
1996-09-11Moved bank headquarters from WINSTON-SALEM, NC to WINSTON SALEM, NC
1997-09-19Acquired United Carolina Bank (2026) in WHITEVILLE, NC
1998-11-14Acquired Maryland Federal Bank (28269) in HYATTSVILLE, MD
1999-02-22Acquired Franklin National Bank of Washington, D.C. (24658) in WASHINGTON, DC
1999-07-16Acquired Commerce Bank Corporation (27596) in COLLEGE PARK, MD
2000-03-18Acquired Carroll County Bank and Trust Company (11797) in WESTMINSTER, MD
2000-03-18Acquired Bank of Maryland (26477) in TOWSON, MD
2000-04-15Acquired The Matewan National Bank (6777) in WILLIAMSON, WV
2000-04-15Acquired Matewan Bank, FSB (33870) in PIKEVILLE, KY
2000-05-20Acquired First Liberty Bank (29568) in MACON, GA
2000-07-15Acquired First Citizens Bank (30755) in NEWNAN, GA
2000-07-15Acquired Farmers & Merchants Bank (8481) in SUMMERVILLE, GA
2000-07-15Acquired Premier Bank (26307) in ATLANTA, GA
2000-07-15Acquired Bank Atlanta (27122) in DECATUR, GA
2000-07-15Acquired First Citizens Bank (33074) in FAYETTEVILLE, GA
2000-07-15Acquired Milton National Bank (33547) in ROSWELL, GA
2000-11-10Acquired One Valley Bank-East, National Association (6775) in MARTINSBURG, WV
2000-11-10Acquired One Valley Bank - South, Inc. (9027) in SUMMERSVILLE, WV
2000-11-10Acquired One Valley Bank of Mercer County, Inc. (17843) in PRINCETON, WV
2000-11-10Acquired One Valley Bank, National Association (840) in CHARLESTON, WV
2000-11-10Acquired One Valley Bank - North, Inc. (14306) in MOUNDSVILLE, WV
2000-11-10Acquired One Valley Bank of Huntington (17625) in HUNTINGTON, WV
2000-11-10Acquired One Valley Bank, Inc. (12658) in MORGANTOWN, WV
2001-03-16Acquired FCNB Bank (4843) in FREDERICK, MD
2001-05-12Acquired Wayne National Bank (33147) in JESUP, GA
2001-05-12Acquired Metter Banking Company (15292) in METTER, GA
2001-05-12Acquired First National Bank of Effingham (32719) in SPRINGFIELD, GA
2001-05-12Acquired Hardwick Bank & Trust Company (5714) in DALTON, GA
2001-05-12Acquired First Bulloch Bank & Trust Company (14215) in STATESBORO, GA
2001-05-12Acquired First National Bank of Northwest Georgia (2122) in CALHOUN, GA
2001-07-13Acquired BankFirst (4950) in KNOXVILLE, TN
2001-07-13Acquired The First National Bank and Trust Company Athens, Tennessee (4916) in ATHENS, TN
2001-07-13Acquired BankFirst Trust Company (35158) in KNOXVILLE, TN
2001-11-09Acquired Century South Bank of Dawsonville (33369) in DAWSONVILLE, GA
2001-11-09Acquired Century South Bank of Polk County (33903) in COPPERHILL, TN
2001-11-09Acquired Century South Bank of Ellijay (5688) in ELLIJAY, GA
2001-11-09Acquired Century South Bank of Lavonia (27345) in LAVONIA, GA
2001-11-09Acquired Century South Bank of Danielsville (5684) in DANIELSVILLE, GA
2001-11-09Acquired Century South Bank of the Carolinas (30327) in WAYNESVILLE, NC
2001-11-09Acquired Century South Bank of the Coastal Region, National Association (26213) in SAVANNAH, GA
2001-11-09Acquired Century South Bank of Dahlonega (5683) in DAHLONEGA, GA
2001-11-09Acquired Century South Bank of Alabama (27365) in OXFORD, AL
2001-11-09Acquired Century South Bank of Northeast Georgia, National Association (26503) in GAINESVILLE, GA
2001-11-09Acquired Century South Bank of Fannin County, National Association (4927) in BLUE RIDGE, GA
2001-11-09Acquired Century South Bank of Central Georgia, National Association (33733) in MACON, GA
2002-03-16Acquired F&M Bank - Maryland, Inc. (26984) in BETHESDA, MD
2002-03-16Acquired F & M Bank-West Virginia, Inc. (16804) in RANSON, WV
2002-05-11Acquired Community First Bank (27887) in CARROLLTON, GA
2002-07-12Acquired Area Trust Company (14876) in OWENSBORO, KY
2002-07-12Acquired Area Bank (18478) in OWENSBORO, KY
2002-07-12Acquired The Vine Street Trust Company (27375) in OWENSBORO, KY
2002-09-13Acquired Bank of Louisville (8778) in LOUISVILLE, KY
2002-11-08Acquired First South Bank (32570) in TALLAHASSEE, FL
2003-03-14Acquired Equitable Bank (31606) in WHEATON, MD
2003-10-11Acquired Farmers Bank of Maryland (4821) in ANNAPOLIS, MD
2003-10-11Acquired Atlantic Bank (21641) in OCEAN CITY, MD
2004-06-11Acquired Republic Bank (21350) in SAINT PETERSBURG, FL
2006-09-16Acquired Main Street Bank (9243) in COVINGTON, GA
2006-11-11Acquired The Home Bank (10303) in DUCKTOWN, TN
2006-11-11Acquired The Home Bank of Tennessee (34192) in MARYVILLE, TN
2006-11-11Acquired The Bank/First Citizens Bank (21498) in CLEVELAND, TN
2006-12-31Acquired Branch Banking and Trust Company of South Carolina (21098) in GREENVILLE, SC
2006-12-31Acquired Branch Banking and Trust Company of Virginia (22584) in RICHMOND, VA
2007-08-18Acquired Coastal Federal Bank (30683) in MYRTLE BEACH, SC
2008-12-12Acquired Haven Trust Bank (35379) in DULUTH, GA as part of a government assisted transaction.
2009-08-14Acquired Colonial Bank (9609) in MONTGOMERY, AL as part of a government assisted transaction.
2012-08-02Acquired BankAtlantic (30559) in FORT LAUDERDALE, FL
2013-01-01Reorganized.
2013-01-01Acquired BB&T Financial, FSB (34780) in COLUMBUS, GA
2013-05-01Reorganized.
2015-06-19Acquired The Bank of Kentucky, Inc. (33022) in CRESTVIEW HILLS, KY
2015-08-01Acquired Semper Trust Company (33308) in KING OF PRUSSIA, PA
2015-08-01Acquired Susquehanna Bank (7579) in LITITZ, PA
2015-08-01Acquired Susquehanna Trust & Investment Company (35359) in LANCASTER, PA
2016-04-01Acquired National Penn Bank (7414) in ALLENTOWN, PA
2019-12-07Acquired SunTrust Bank (867) in ATLANTA, GA
2019-12-07Moved bank headquarters from WINSTON SALEM, NC to CHARLOTTE, NC
2019-12-07Changed name to Truist Bank (9846)