Valley Federal Savings and Loan Association

Status:Inactive as of 04/30/1988
 Merger - Assisted
Successor Bank:Home Federal Bank, FSB
Headquarters:Valley Federal Savings and Loan Association
210 Gay St
Erwin, TN 37650
Established:01/01/1925
FDIC Insurance:02/11/1935
FDIC Cert:#27866
Charter Class:
Total Assets:$80,475,000
Total Deposits:$90,263,000

History

1925-01-01Institution established: Original name:Valley Federal Savings and Loan Association
1988-04-30Failed. Acquired with government financial assistance and subsequently operated as part of Home Federal Savings and Loan Association of Upper East Tennessee (27970)
1991-07-01Changed name to Home Federal Bank, FSB (27970)
1991-07-01Changed organization type to STOCK SAVINGS BANK
1991-07-01Moved bank headquarters from ERWIN, TN to JOHNSON CITY, TN
1991-07-05Acquired George Washington Federal Savings Association (33303) in JONESBORO, TN
1993-06-25Merged into and subsequently operated as part of First Tennessee Bank, National Association (4977) in MEMPHIS, TN
1995-02-24Acquired Community First Bank (22003) in GERMANTOWN, TN
1998-12-18Acquired First Tennessee Bank National Association Mississippi (33521) in SOUTHAVEN, MS
1999-09-03Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
2001-03-23Acquired Cleveland Bank and Trust Company (1691) in CLEVELAND, TN
2001-11-16Acquired Peoples Bank (11422) in SENATOBIA, MS
2005-07-22Acquired United Bank and Trust Company (23052) in SAINT PETERSBURG, FL
2005-08-26Acquired First National Bank West Metro (57261) in DALLAS, GA
2005-12-15Acquired Town and Country Bank of the Ozarks (34808) in REPUBLIC, MO
2006-07-01Acquired The State Bank (16834) in ROCKY FORD, CO
2007-08-31Acquired Centerville State Bank (15067) in CENTERVILLE, KS
2013-06-07Acquired Mountain National Bank (34789) in SEVIERVILLE, TN as part of a government assisted transaction.
2015-10-17Acquired TrustAtlantic Bank (35163) in RALEIGH, NC
2017-11-30Acquired Capital Bank Corporation (59049) in RALEIGH, NC
2019-10-26Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2019-10-26Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL RESERVE BOARD
2019-10-26Changed name to First Horizon Bank (4977)
2020-07-02Acquired Iberiabank (28100) in LAFAYETTE, LA