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Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo: 1943 Wilmington Trust: Union National Bank: Wilmington Trust [15] M&T Bank: 1948 Chemical Bank & Trust Co. Continental Bank and Trust Company: Chemical Bank & Trust Co. JPMorgan Chase: 1951 Chemical Bank & Trust Co. National Safety Bank & Trust Co ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
In 1934, the bank changed its name to People's Bank and Trust. The People's Building served as the bank's headquarters until the mid-1970s. It remained empty after the bank left until Selp-Help Ventures Fund bought the building in 2000 to convert to office space. [1] Robert L. Mauldin became chairman of Peoples Bancorp in 1984. When he first ...
The companies announced Sept. 27, 2023, plans to merge and operate under the Peoples Security Bank and Trust Co. brand. The Peoples branches at 754 Wyoming Ave., Kingston, and 419-421 Biden St ...
The merger will create a community bank with approximately $5.2 billion in assets.
1977: The First National Bank of Dayton is the corporation's first major acquisition. Two banks had merged to create the Dayton Bank in 1961: Merchant's National Bank (1871) and People's Bank & Trust Co. (1957). [91] 1978: The Huron County Banking company in Norwalk, Ohio, is acquired. The bank is renamed National City Bank, Norwalk in 1985. [91]
He changed the name of the bank to Peoples Bank and Trust Co, [2] [4] later People's National Bank of Washington. [11] With branch banking not allowed at the time, he began or acquired several other banks as wholly owned subsidiaries. In 1949, when he passed the presidency of the bank to his son Joshua Jr., deposits stood at $128 million.
The bank operates over 80 retail branches, most of which are located in eastern, north-eastern, central, and south-central Kentucky. As of 2023, the bank had total deposits of US$4 billion and a market share of 3.53%. Community Trust Bancorp is the second-largest bank headquartered in Kentucky, after Stock Yards Bank of Louisville. [2]