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First Bank and Trust's parent company, First Trust Corporation, also holds affiliated subsidiaries FBT Investments, [3] FBT Advisors and First Insurance Agency. First Bank and Trust is state chartered and Federal Deposit Insurance Corporation -insured with approximately $1 billion in assets as of March 30, 2020.
In 1929, it changed its name to First Citizens Bank and Trust Company. [2] In 1986, it reorganized as a holding company , First Citizens BancShares, Inc. [ 1 ] As of 2024, it is the 15th largest bank in the United States, with $221 billion in assets and $152 billion in deposits and $88 billion in liquidity.
California Bank & Trust (CB&T) is a full-service bank specializing in consumer, commercial and wealth management services headquartered in San Diego, California. With more than 80 branches located across California and assets totaling about $91 billion, CB&T is a subsidiary of Zions Bancorporation , one of the nation's top 50 bank holding ...
This includes the California Correctional Peace Officers Association, whose contract cost an estimated $1 billion and gives them an enhanced retirement benefit.
The bank's first acquisition out of state was the failing First National Bank of Crosby, Texas in February 1987. Central Bancshares became the first bank in Alabama to own a bank in another state and the first out-of-state bank to own a bank in Texas. [1] D. Paul Jones took over the CEO position from Brock in 1991. [6]
In addition to being the second bank to fail in 2024, the failure of The First National Bank of Lindsay marks the seventh time a federally-insured bank has failed going back to 2021.
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The bank had total assets of $91 billion (as of June 1, 2022). [4] It offers a full complement of banking, trust and investment services through 75 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Minneapolis, Nashville, Washington, DC and Atlanta. [4]