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The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in assets) and Bank OZK ($36 billion in assets). [2]
SouthTrust Corporation was a banking company headquartered in Birmingham, Alabama.In 2004, SouthTrust reached an agreement to merge with Wachovia in a stock-for-stock deal. At the time of the merger with Wachovia was completed, SouthTrust had $53 Billion in assets.
The terms of the merger agreement provide for a collar with respect to the total deal value ranging from $38.8 million to $46.5 million. [19] The merger was completed on January 1, 2020. [20] In April 2021, BancorpSouth Bank entered into a merger agreement with Cadence Bancorporation, with the merged entity using the Cadence Bank name. [21]
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As of December 31, 1973, it had three bank-related subsidiaries and total assets of $1.713 billion. [88] In 1985 the Trust Company of Georgia and Sun Banks Inc. merge to form SunTrust Banks Inc. [85] The Robinson-Humphrey Company was founded as a municipal bond shop by Roby Robinson in 1894.
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Bank OZK began as a community bank in Jasper, Arkansas in 1903, expanding to a second location in Ozark, Arkansas in 1937. [3]In 1979, when the bank had 2 branches and $28 million in assets, George Gleason, a 25-year-old lawyer at the Rose Law Firm, bought the bank changed its name to Bank of the Ozarks.
Regarding total assets under management, WaMu's closure and receivership is the largest bank failure in American financial history. [6] [7] Before the receivership action, it was the sixth-largest bank in the United States. [18] According to WaMu's 2007 SEC filing, the holding company held assets valued at $327.9 billion (~$464 billion in 2023 ...