Salem Trust Bank

Status:Inactive as of 01/31/1997
 Merger - Without Assistance
Successor Bank:Central Carolina Bank and Trust Company
Headquarters:Salem Trust Bank
2140 Country Club Road
Winston Salem, NC 27104
Established:03/03/1986
FDIC Insurance:03/03/1986
FDIC Cert:#26586
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$174,623,000
Total Deposits:$154,989,000

History

1986-03-03Institution established: Original name:Salem Trust Bank
1991-10-01Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1992-07-29Moved bank headquarters from WINSTON-SALEM, NC to WINSTON SALEM, NC
1997-01-31Merged into and subsequently operated as part of Central Carolina Bank and Trust Company (2033) in DURHAM, NC
1999-10-02Acquired Stone Street Bank & Trust (27791) in MOCKSVILLE, NC
2000-06-17Acquired American Federal Bank, FSB (28574) in GREENVILLE, SC
2001-11-19Acquired SouthBank (28855) in ANDERSON, SC
2001-12-31Merged into and subsequently operated as part of National Bank of Commerce (4978) in MEMPHIS, TN
2005-04-22Acquired NBC Bank, FSB (28880) in MEMPHIS, TN
2005-04-22Acquired National Bank of Commerce (4978) in MEMPHIS, TN
2005-04-22Acquired SunTrust BankCard, National Association (33817) in ORLANDO, FL
2005-04-22Merged into and subsequently operated as part of SunTrust Bank (867) in ATLANTA, GA
2008-07-25Acquired First National Bank of Gwinnett (35409) in DULUTH, GA
2008-07-25Acquired Mountain State Bank (57507) in DAWSONVILLE, GA
2008-07-25Acquired Community Trust Bank (27163) in HIRAM, GA
2008-07-25Acquired First National Bank of the South (27543) in MILLEDGEVILLE, GA
2008-07-25Acquired United Bank & Trust Company (32739) in ROCKMART, GA
2008-07-25Acquired Home Town Bank of Villa Rica (34391) in VILLA RICA, GA
2008-07-25Acquired Gainesville Bank & Trust (27158) in GAINESVILLE, GA
2008-08-01Acquired First Priority Bank (57523) in BRADENTON, FL as part of a government assisted transaction.
2019-12-07Merged into and subsequently operated as part of Truist Bank (9846) in CHARLOTTE, NC
2019-12-07Changed name to Truist Bank (9846)

Financial Information (1996-12-31 and Older)