Sarasota Bank

Status:Inactive as of 12/04/2003
 Merger - Without Assistance
Successor Bank:Colonial Bank
Headquarters:Sarasota Bank
Two North Tamiami Trail
Sarasota, FL 34236
Established:09/15/1992
FDIC Insurance:09/15/1992
FDIC Cert:#33644
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$186,965,000
Total Deposits:$153,305,000

History

1992-09-15Institution established: Original name:Sarasota Bank
2003-12-04Merged into and subsequently operated as part of Colonial Bank, National Association (9609) in MONTGOMERY, AL
2005-02-10Acquired Union Bank of Florida (32518) in LAUDERHILL, FL
2005-06-02Acquired First Federal Savings Bank of Lake County (28856) in LEESBURG, FL
2007-06-08Acquired Commercial Bank of Florida (22813) in MIAMI, FL
2007-12-13Acquired Citrus and Chemical Bank (17283) in BARTOW, FL
2008-06-10Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2008-06-10Changed name to Colonial Bank (9609)
2009-08-14Failed. Acquired with government financial assistance and subsequently operated as part of Branch Banking and Trust Company (9846)
2012-08-02Acquired BankAtlantic (30559) in FORT LAUDERDALE, FL
2013-01-01Reorganized.
2013-01-01Acquired BB&T Financial, FSB (34780) in COLUMBUS, GA
2013-05-01Reorganized.
2015-06-19Acquired The Bank of Kentucky, Inc. (33022) in CRESTVIEW HILLS, KY
2015-08-01Acquired Semper Trust Company (33308) in KING OF PRUSSIA, PA
2015-08-01Acquired Susquehanna Bank (7579) in LITITZ, PA
2015-08-01Acquired Susquehanna Trust & Investment Company (35359) in LANCASTER, PA
2016-04-01Acquired National Penn Bank (7414) in ALLENTOWN, PA
2019-12-07Moved bank headquarters from MONTGOMERY, AL to CHARLOTTE, NC
2019-12-07Changed name to Truist Bank (9846)
2019-12-07Acquired SunTrust Bank (867) in ATLANTA, GA

Financial Information (2003-09-30 and Older)