Prime Bank

Status:Inactive as of 09/18/1999
 Merger - Without Assistance
Successor Bank:Summit Bank
Headquarters:Prime Bank
6425 Rising Sun Avenue
Philadelphia, PA 19111
Established:06/01/1988
FDIC Insurance:06/01/1988
FDIC Cert:#27261
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$1,077,030,000
Total Deposits:$756,566,000

History

1988-06-01Institution established: Original name:First Sterling Bank
1997-10-02Changed name to Prime Bank
1997-10-02Acquired Prime Bank (32625) in PHILADELPHIA, PA
1997-10-02Moved bank headquarters from DEVON, PA to PHILADELPHIA, PA
1999-09-18Merged into and subsequently operated as part of Summit Bank (7406) in BETHLEHEM, PA
2001-03-01Merged into and subsequently operated as part of Fleet National Bank (2558) in PROVIDENCE, RI
2001-03-01Acquired Summit Bank (550) in HACKENSACK, NJ
2001-03-01Acquired Summit Bank (17944) in NORWALK, CT
2001-03-01Acquired Summit Bank (7406) in BETHLEHEM, PA
2004-02-01Acquired Progress Bank (30529) in BLUE BELL, PA
2005-03-18Acquired Fleet Maine, National Association (33987) in SOUTH PORTLAND, ME
2005-06-13Merged into and subsequently operated as part of Bank of America, National Association (3510) in CHARLOTTE, NC
2006-09-22Acquired MBNA America Delaware, National Association (34680) in WILMINGTON, DE
2008-02-22Acquired United States Trust Company , National Association (34061) in NEW YORK, NY
2008-06-30Acquired Bank of America Georgia, National Association (57117) in ATLANTA, GA
2008-10-17Acquired LaSalle Bank National Association (15407) in CHICAGO, IL
2008-10-17Acquired LaSalle Bank Midwest National Association (22488) in TROY, MI
2009-01-16Maintained operations with government open bank assistance.
2009-04-27Acquired Countrywide Bank, FSB (33143) in CENTENNIAL, CO
2009-07-01Acquired Merrill Lynch Bank USA (27374) in SALT LAKE CITY, UT
2009-11-02Acquired Merrill Lynch Bank & Trust Co., FSB (34571) in NEW YORK, NY
2013-04-01Acquired Bank of America, Rhode Island, National Association (58032) in PROVIDENCE, RI
2013-04-01Acquired Bank of America Oregon, National Association (35453) in PORTLAND, OR
2014-10-01Acquired FIA Card Services, National Association (33318) in WILMINGTON, DE
2020-03-31Acquired Recontrust Company, National Association (58026) in SIMI VALLEY, CA

Financial Information (1998-12-31 and Older)