The Bank of Sharon

Status:Inactive as of 01/27/2003
 Merger - Without Assistance
Change in Location
Successor Bank:Northwest Georgia Bank
Headquarters:The Bank of Sharon
7201 Shallowford Road
Chattanooga, TN 37421
Established:12/01/1902
FDIC Insurance:01/01/1934
FDIC Cert:#2374
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$143,822,000
Total Deposits:$117,626,000

History

1902-12-01Institution established: Original name:The Bank of Sharon
1978-08-10Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED
1986-10-18Reorganized.
1989-12-18Change trust powers from LIMITED TRUST POWERS GRANTED to FULL TRUST POWERS GRANTED
2003-01-27Moved bank headquarters from SHARON, TN to CHATTANOOGA, TN
2003-01-27Merged into and subsequently operated as part of Northwest Georgia Bank (9246) in RINGGOLD, GA
2003-07-30Change trust powers from FULL TRUST POWERS GRANTED to LIMITED TRUST POWERS GRANTED
2015-09-21Merged into and subsequently operated as part of FirstBank (8663) in NASHVILLE, TN
2017-07-31Acquired American City Bank (21663) in TULLAHOMA, TN
2017-07-31Acquired Clayton Bank and Trust (6104) in KNOXVILLE, TN
2020-02-14Acquired The Farmers National Bank of Scottsville (2769) in SCOTTSVILLE, KY
2020-08-15Acquired Franklin Synergy Bank (58714) in FRANKLIN, TN

Financial Information (2002-12-31 and Older)