Professional Savings Bank

Status:Inactive as of 07/27/1990
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Professional Federal Savings Bank
Headquarters:Professional Savings Bank
3001 Ponce De Leon Blvd
Miami, FL 33134
Established:01/01/1955
FDIC Insurance:08/09/1989
FDIC Cert:#30843
Charter Class:
Total Assets:$695,604,000
Total Deposits:$618,411,000

History

1955-01-01Institution established: Original name:Security Federal Savings and Loan Association
1986-06-30Changed organization type to STOCK SAVINGS & LOAN
1987-12-31Acquired Professional Savings Bank (32385) in CORAL GABLES, FL
1987-12-31Changed name to Professional Savings Bank
1988-05-31Moved bank headquarters from SOUTH MIAMI, FL to CORAL GABLES, FL
1990-07-27Institution established: Original name:Professional Federal Savings Bank (33175)
1990-07-27Placed into government conservatorship.
1990-07-27Failed, went into receivership, and then became part of Professional Federal Savings Bank (33175)
1992-03-13Government conservatorship or bridge bank resolved.
1992-03-13Acquired after government financial assistance and subsequently operated as part of Plaza Bank of Miami (22795)
1995-06-02Merged into and subsequently operated as part of Republic National Bank of Miami (19511) in MIAMI, FL
1999-07-16Acquired Alvin State Bank (11892) in ALVIN, TX
1999-07-16Merged into and subsequently operated as part of Union Planters Bank, National Association (4979) in MEMPHIS, TN
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.