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In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
In May 2004, NCF announced it would merge with SunTrust, making SunTrust the seventh-largest bank in the United States. Several Kroger branches in the Nashville, Tennessee and Durham, North Carolina areas were merged into U.S. Bank branches. Also announced at that time were the fates of NCF's major executives.
Later, UVB changed its name to Crestar Financial Corporation and thus the name of the building was changed to the Crestar Bank Headquarters. Crestar was acquired by SunTrust in 1998, whereupon the building was renamed SunTrust Center. The building was renamed Truist Place in late 2021 after SunTrust was bought by BB&T. [4]
The deal was finalized in late 2019, after the lease of the former tenant, Suntrust, had expired. [5] VyStar completed construction of its sign atop the building in August 2019. On July 1, 2020, VyStar finished the installation of electric blue LED edge lighting on the top tiers of the tower to accompany the VyStar sign. [6]
In 1978, the bank acquired Shaker Savings. [1] In 1989, the bank acquired Palm Plaza Savings Association, based in Boca Raton, Florida. [2] In 2000, the bank opened its first branches in Phoenix, Arizona. [1] In 2007, the bank changed its name to Amtrust Bank. [3] In January 2009, the bank sold its 5 branches in Columbus, Ohio, to WesBanco. [4]
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Regions Geographic Footprint. Regions Financial Corporation, formerly known as First Alabama Bankshares, was founded on July 13, 1971 with the merger of three Alabama banks: First National Bank of Montgomery, Alabama (opened 1871), Exchange Security Bank of Birmingham, Alabama (opened 1928), and First National Bank of Huntsville, Alabama (opened 1856).
Instead, pay attention to the fees your bank charges, learn how to avoid them, and shop around for the best checking and savings accounts for your personal situation. Information is accurate as of ...