GulfSouth Private Bank

Status:Inactive as of 10/19/2012
 Absorption - Assisted
Successor Bank:SmartBank
Headquarters:GulfSouth Private Bank
4405 Commons Drive East
Destin, FL 32541
Established:11/21/2005
FDIC Insurance:11/21/2005
FDIC Cert:#58073
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$139,391,000
Total Deposits:$131,579,000

History

2005-11-21Institution established: Original name:GulfSouth Private Bank
2012-10-19Failed. Acquired with government financial assistance and subsequently operated as part of SmartBank (58463)
2016-02-27Acquired Cornerstone Community Bank (26256) in CHATTANOOGA, TN
2017-11-01Acquired Capstone Bank (22769) in TUSCALOOSA, AL
2018-05-01Acquired Southern Community Bank (58105) in TULLAHOMA, TN
2018-11-01Acquired Foothills Bank & Trust (58591) in MARYVILLE, TN
2020-03-01Acquired Progressive Savings Bank (32021) in JAMESTOWN, TN
2021-09-01Acquired Sevier County BankSmartBank (10318) in SEVIERVILLE, TN.

Financial Information (2012-09-30 and Older)