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 | $32 million (2013) |
$3 million (2013) | |
Total assets | $917 million (2013) |
Total equity | $93 million (2013) |
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]
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. As of 2019, it had 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. In 2023 it ranked 149th 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.
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Cadence Bank is a commercial bank with dual headquarters in Tupelo, Mississippi, and Houston, Texas, with operations in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Oklahoma, 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. In October 2021, the bank changed its name to Cadence Bank. It has the naming rights to Cadence Bank Amphitheatre in Atlanta and Cadence Bank Arena in Tupelo.
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