Industry | Banking |
---|---|
Founded | 1982[1] |
Headquarters | Mount Olive, North Carolina |
Website | www |
Southern Bank is a bank based in Mount Olive, North Carolina. It is a wholly owned subsidiary of Southern BancShares (N.C.), Inc., a bank holding company.
Mount Olive is a town in Duplin and Wayne counties in the U.S. state of North Carolina. The population was 4,589 at the 2010 census. It is included in the Goldsboro, North Carolina Metropolitan Statistical Area. The town is home to the Mt. Olive Pickle Company and the University of Mount Olive.
A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp is often used to refer these companies as well.
The company operates 64 branches in North Carolina and Virginia.
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution offers a wide array of face-to-face and automated services to its customers.
North Carolina is a state in the southeastern region of the United States. It borders South Carolina and Georgia to the south, Tennessee to the west, Virginia to the north, and the Atlantic Ocean to the east. North Carolina is the 28th most extensive and the 9th most populous of the U.S. states. The state is divided into 100 counties. The capital is Raleigh, which along with Durham and Chapel Hill is home to the largest research park in the United States. The most populous municipality is Charlotte, which is the second largest banking center in the United States after New York City.
Virginia, officially the Commonwealth of Virginia, is a state in the Southeastern and Mid-Atlantic regions of the United States located between the Atlantic Coast and the Appalachian Mountains. Virginia is nicknamed the "Old Dominion" due to its status as the first English colonial possession established in mainland North America and "Mother of Presidents" because eight U.S. presidents were born there, more than any other state. The geography and climate of the Commonwealth are shaped by the Blue Ridge Mountains and the Chesapeake Bay, which provide habitat for much of its flora and fauna. The capital of the Commonwealth is Richmond; Virginia Beach is the most populous city, and Fairfax County is the most populous political subdivision. The Commonwealth's estimated population as of 2017 is over 8.4 million.
Southern Bank was originally founded on January 29, 1901 as The Bank of Mount Olive. [1]
The bank changed its name to Southern Bank and Trust Company on March 1, 1967 to reflect a more regional presence.The Home Office of the Bank is located at 116 East Main Street, Mount Olive, North Carolina.
Southern BancShares (N.C.), Inc., was founded and established as the holding company of Southern Bank on January 1, 1983.
In 2011, the company acquired the assets and liabilities of the failed Bank of the Commonwealth. [2]
On February 1, 2016, the bank merged with Heritage Bankshares. [3]
Bank One Corporation was the sixth-largest bank in the United States. It traded on the New York Stock Exchange under the stock symbol ONE. The company merged with JPMorgan Chase & Co. on July 1, 2004. The company had its headquarters in the Bank One Plaza in the Chicago Loop in Chicago, Illinois, now the headquarters of Chase's retail banking division.
NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. The company named NationsBank was formed through the merger of several other banks in 1991, and prior to that had been through multiple iterations. Its oldest predecessor companies had been Commercial National Bank (CNB), formed in 1874, and American Trust Company founded in 1909. In 1998, NationsBank acquired BankAmerica, and modified that better-known name to become Bank of America.
SunTrust Banks, Inc. is an American bank holding company. The largest subsidiary is SunTrust Bank. It had US$199 billion in assets as of March 31, 2018. SunTrust Bank's most direct corporate parent was established in 1891 in Atlanta, where its headquarters remain. On February 7, 2019, it was announced that SunTrust Banks would be bought by BB&T for $28 billion in an all-stock deal, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis.
BB&T Corporation is a bank holding company based in Winston-Salem, North Carolina. Its bank operates 2,049 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 ranked 16th on the list of largest banks in the United States by assets. Its subsidiary, BB&T Insurance Services, is one of the largest insurance brokers in the world. In its history BB&T has made 106 mergers and acquisitions. Since it took over Southern National Bank in 1995, BB&T has made 43 deals. It is merging with SunTrust Banks in 2019, which will lead to a new name and a headquarters in Charlotte, North Carolina.
Lexington State Bank was a banking company based in Lexington, North Carolina. Its motto was "The Bank" and its slogans were "Beeline Banking", and "Easy as L-S-B". The bank had 29 branches across the Piedmont Triad region operating in Davidson, Stokes, Forsyth, Guilford, and Randolph counties of North Carolina. LSB Bancshares, Inc. was the holding company for Lexington State Bank. In 2007, it merged with FNB Southeast to form NewBridge Bank.
First Hawaiian, Inc. is a bank holding company headquartered in Honolulu, Hawai'i. It is a unit of BNP Paribas. Its principal subsidiary, First Hawaiian Bank founded in 1858, is Hawai'is oldest and largest financial institution headquartered in Honolulu, Hawaii, at the First Hawaiian Center. The bank has 57 branches throughout Hawai'i, three in Guam and two in Saipan. It offers banking services to consumer and commercial customers, including deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian was listed on the NASDAQ on August 4, 2016 and made its debut at number 12 in January 2017 publication of Forbes' American's 100 Largest Banks with $20 billion in total assets.
Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking, specialized financial services, and insurance services. It is headquartered in Green Bay, Wisconsin and is the largest bank headquartered in Wisconsin. It has over 230 banking locations serving more than 110 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio, and Texas.
First Citizens Bancshares, Incorporated is a bank holding company based in Raleigh, North Carolina that operates First Citizens Bank. First Citizens operates in 18 states and the District of Columbia in the United States, concentrated in the Southeastern United States, Southern California, and Washington.
The Mount Olive Pickle Company is an American food processing company located in Mount Olive, North Carolina. The company's primary product is pickled cucumbers, but it is also a large supplier of pepper, mixed pickle, relish, and other pickled products. Mt. Olive is the largest independent pickle company in the United States and top-selling pickle brand in the Southeastern United States, where its market share approaches 70 percent.
First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina. It operates as First Bank in North and South Carolina. The company has 94 branches in North Carolina, assets totaling $4.3 billion and deposits of $3.4 billion as of early 2017. First Bancorp has 108 branches, $5.2 billion in assets, $3.9 billion in loans and $4.3 billion in deposits.
First Citizens Bank of South Carolina is a subsidiary of First Citizens BancShares, Inc., of Raleigh, North Carolina; it is the largest bank in the United States controlled by a single family. Prior to its acquisition by First Citizens BancShares Inc. of Raleigh, First Citizens Bancorporation, Inc. was a bank holding company based in Columbia, South Carolina with over $8 billion in assets. First Citizens Bank of South Carolina had branches in both South Carolina and Georgia. It was the second-largest commercial bank headquartered in South Carolina.
Capital Bank Financial Corporation was a bank holding company headquartered in Charlotte, North Carolina with $10 billion in assets as of first quarter 2017 and 193 branches. Former Bank of America vice chairman Gene Taylor was chief executive, former Bank of America executive and Fifth Third Bank CFO, Chris Marshall was CFO and former Bank of America executive, R. Bruce Singletary was Chief Risk Officer. Former Morgan Stanley specialty finance research analyst, Kenneth Posner, managed corporate strategy and investor relations. Its original purpose was to take over banks that had difficulties due to the financial crisis of 2007–2010. The company's main interest was banks in the Carolinas and Florida, but in 2011, NAFH moved into Tennessee and Virginia for the first time. Despite buying seven distressed, money losing banks, Capital Bank was consistently profitable during the duration of its existence and consistently posted improved returns for each of its five years of operations. Capital Bank completed a successful IPO in September 2012 and used to trade on the NASDAQ under the ticker CBF until its acquisition by First Horizon National Corporation in December 2017.
National Bank of Commerce was a bank headquartered in Memphis, Tennessee until it was taken over by SunTrust Banks in 2005.
Centura Bank was a bank headquartered in Rocky Mount, North Carolina. It existed from 1990, when Peoples Bancorp and Planters Bank merged, to 2001, when the Royal Bank of Canada acquired the company and changed its name to RBC Centura.
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.
United Bankshares is a bank holding company headquartered in Charleston, West Virginia with operations in West Virginia, Virginia, the District of Columbia, Maryland, Ohio, and Pennsylvania in the United States.
Bank OZK is a bank headquartered in Little Rock, Arkansas with more than 255 locations in Arkansas, Georgia, Florida, Texas, Alabama, North Carolina, South Carolina, California, New York and Mississippi and $20.77 billion in assets as of September 30, 2017. It is the largest bank in Arkansas.
Home BancShares, Inc., operating as Centennial Bank, is a bank holding company based in Conway, Arkansas. It is on the list of largest banks in the United States. The bank operates 165 branches in Arkansas, Alabama, Florida, and New York City.
This United States bank-related article is a stub. You can help Wikipedia by expanding it. |