Industry | Banking |
---|---|
Founded | 1972 |
Defunct | October 3, 2014 |
Fate | Acquired by Tri Counties Bank |
Headquarters | Redding, California |
Key people | Michael J. Cushman, CEO & President Kevin R. Watson, CFO |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 319 |
Footnotes /references [1] |
North Valley Bancorp was a bank holding company headquartered in Redding, California. The company operated 22 branches. The company was acquired by TriCo Bancshares in October 2014, in a merger valued at more than $178 million. [2]
In September 1972, North Valley Bank was established as a California-chartered bank. The company commenced operations in February 1973. [1]
In 1980, North Valley Bancorp was incorporated as the holding company for North Valley Bank. [1]
In 2000, the company acquired Six Rivers National Bank. [3] [4] [1]
In September 2004, the company acquired Yolo Community Bank for $23 million. [5] [6] [7] [1]
In June 2006, the company merged its two subsidiary banks: North Valley Bank and NVB Business Bank. [8]
In 2007, Sterling Financial Corporation agreed to acquire the company for $196 million in cash and stock, but the merger was cancelled after failing to win regulatory approval. [9] [10]
In October 2014, the company was acquired by Tri Counties Bank for $178.4 million in stock. [11] [12]
East West Bank, the primary subsidiary of East West Bancorp, Inc., is the largest publicly traded bank headquartered in Southern California, United States. It was founded in 1973 in Los Angeles to serve the Chinese American community in Southern California. It is a premier bank focused exclusively on the United States and Greater China markets and operates over 120 locations in the U.S. and China, including in the markets of California, Georgia, Massachusetts, Nevada, New York, Texas and Washington. In China, East West Bank's presence includes full service branches in Hong Kong, Shanghai, Shantou and Shenzhen, and representative offices in Beijing, Chongqing, Guangzhou, and Xiamen. Forbes magazine has recognized East West Bank as one of “America’s Best Banks” since 2010. In 2018, Forbes ranked East West Bank number five of "America's 100 Best Banks."
U.S. Bancorp is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. It has 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. It is ranked 117th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S.
Comerica Incorporated is a financial services company headquartered in Dallas, Texas. It has retail banking operations in Texas, Michigan, Arizona, California and Florida, with select business operations in several other U.S. states, as well as in Canada and Mexico.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of June 2021, it is the 10th largest bank with $509 billion in assets. As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world with $2.27 billion in annual revenue.
Yadkin Financial Corporation was a bank holding company and the parent of Yadkin Bank, a defunct regional bank with $7.3 billion in assets and 110 branches in North and South Carolina before the 2017 purchase by FNB Corporation of Pittsburgh. The bank was headquartered in Elkin, North Carolina.
Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. The company is ranked 500th on the Fortune 500, and is 35th on the list of largest banks in the United States.
The Lorain National Bank was a bank headquartered in Lorain, Ohio. The bank was a subsidiary of LNB Bancorp, a bank holding company. It operated 20 branches, all of which were in Lorain County, Cuyahoga County, or Summit County. In 2015, the bank was acquired by Northwest Bank.
Sky Financial Group, Inc., was a diversified financial services holding company that operated in the Midwestern United States from 1998 until its 2007 acquisition by rival bank Huntington Bancshares. Its largest subsidiary was Sky Bank, a commercial and retail banking company headquartered in Salineville, Ohio, that operated 330 financial centers and over 400 ATMs in Ohio, Pennsylvania, Indiana, Michigan and West Virginia. Other wholly owned subsidiaries included investment, trust, and insurance services.
Firstar Corporation was a Milwaukee, Wisconsin-based regional bank holding company that existed from 1853 to 2001. In 2001, Firstar acquired U.S. Bancorp and assumed its name, moving its headquarters to Minneapolis.
First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina. Its primary subsidiary is First Citizens Bank. It is on the list of largest banks in the United States.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
Mercantile Bancorporation was the largest bank holding company in Missouri when it was acquired by Firstar Corporation in 1999.
First Federal Bank of the Midwest was a bank headquartered in Defiance, Ohio. First Defiance Financial Corp. was the holding company for FirstFederal Bank of the Midwest.
BancorpSouth Bank is a bank holding company headquartered in Tupelo, Mississippi with operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas, and Illinois. In 1876, Raymond Trice and Company received a charter to create a bank in its hardware store in Verona, Mississippi. In 1886, the banking operation was moved to Tupelo, Mississippi and the company was renamed to Bank of Lee County, Mississippi. Soon after, it was renamed to the Bank of Tupelo. The bank was renamed to Bank of Mississippi in 1966. In 1997, the bank changed its name to BancorpSouth.
Cadence Bank is a US-based bank with 99 branches in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. The bank is based in Atlanta, with executive and operations headquarters in Birmingham, Alabama. It is the primary subsidiary of Houston, Texas based Cadence Bancorporation, a bank holding company.
First Community Bancshares, Inc. is a $2.43 billion bank holding company and the parent company of First Community Bank of Bluefield, Virginia in the United States. As of 2012 First Community Bank had 45 locations in Virginia, West Virginia, and North Carolina, and two locations operating as Peoples Community Bank in Tennessee. As of March 31, 2017 First Community had $2.43 billion in assets.
Sterling Financial Corporation was a bank holding company headquartered in Spokane, Washington. In 2014, the company was acquired by Umpqua Holdings Corporation.
Reliant Bancorp, Inc, formerly Commerce Union Bancshares, is an American financial corporation based in Brentwood, Tennessee, USA. It is listed on the NASDAQ. It controls a subsidiary, Reliant Bank, a commercial bank.
TCF Financial Corporation was a bank holding company based in Detroit, Michigan. The current incarnation of the company was formed by a 2019 merger between the former TCF, which was established in 1923 in Wayzata, Minnesota, and the Michigan-based Chemical Financial Corporation. In December 2020, TCF announced a merger with Huntington Bancshares. It was announced on May 26, 2021, that TCF Bank will be required by the Department of Justice to sell off 13 branches in Michigan. These branches were purchased by Horizon Bank at the end of the third quarter. The final approval has been given for the merger and the merger was complete on June 9, 2021. The combined bank has $175 billion in assets.
Tri Counties Bank is a financial institution headquartered in Chico, California, which constitutes the consumer and business banking subsidiary TriCo Bancshares. The first branch that opened in 1975 had 11 employees and $1 million in capital to serve Butte, Glenn and Tehama counties, giving it its name. As of 2021, the bank has more than 75 branches in California, over 37,000 ATMs nationwide and total assets of approximately $8 billion. A 2021 survey published in Forbes magazine of "America’s Best In-State-Banks" ranked Tri Counties Bank as #2 in California.