Progressive State Bank
| Status: | Inactive as of 07/13/2006 |
| Merger - Without Assistance | |
| Successor Bank: | New Century Bank South |
| Headquarters: | Progressive State Bank 308 North Chestnut Street Lumberton, NC 28359 |
| Established: | 09/01/1978 |
| FDIC Insurance: | 08/09/1989 |
| FDIC Cert: | #32349 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $63,374,000 |
| Total Deposits: | $55,715,000 |
History
| 1978-09-01 | Institution established: Original name:Progressive Savings & Loan, LTD. | |
| 2001-01-29 | Changed organization type to COMMERCIAL BANK | |
| 2001-01-29 | Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS | |
| 2001-01-29 | Changed name to Progressive State Bank | |
| 2001-01-29 | Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION | |
| 2006-07-13 | Merged into and subsequently operated as part of New Century Bank South (57609) in FAYETTEVILLE, NC | |
| 2008-03-29 | Merged into and subsequently operated as part of New Century Bank (35465) in DUNN, NC | |
| 2014-07-26 | Changed name to Select Bank & Trust Company (35465) | |
| 2014-07-26 | Acquired Select Bank & Trust Company (57783) in GREENVILLE, NC | |
| 2017-12-18 | Acquired Carolina Premier Bank (58516) in CHARLOTTE, NC | |
| 2021-10-16 | Merged into and subsequently operated as part of First Bank (15019) |