Progressive Savings Bank

Status:Inactive as of 2020-03-01
 Merger - Without Assistance
Successor Bank:SmartBank
Headquarters:Progressive Savings Bank
500 North Main Street
Jamestown, TN 38556
Established:1980-06-06
FDIC Insurance:1980-06-06
FDIC Cert:#32021
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:7
Total Assets:$295,333,000
Total Deposits:$262,320,000

History

1980-06-06Institution established: Original name:Progressive Savings and Loan Association
1985-12-31Changed name to Progressive Savings Bank
1989-04-30Changed name to Progressive Savings Bank, FSB
1989-04-30Changed organization type to STOCK SAVINGS BANK
2010-11-04Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2010-11-04Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2010-11-04Changed organization type to COMMERCIAL BANK
2010-11-04Changed name to Progressive Savings Bank
2010-11-04Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
2020-03-01Merged into and subsequently operated as part of SmartBank (58463) in PIGEON FORGE, TN

Financial Information (2019-12-31 and Older)