Palm Beach National Bank & Trust Company

Status:Inactive as of 10/18/2002
 Merger - Without Assistance
Successor Bank:Colonial Bank
Headquarters:Palm Beach National Bank & Trust Company
125 Worth Avenue
Palm Beach, FL 33480
Established:04/24/1973
FDIC Insurance:04/24/1973
FDIC Cert:#21051
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$360,467,000
Total Deposits:$322,044,000

History

1973-04-24Institution established: Original name:Citizens National Bank
1982-04-01Changed name to Colonial National Bank
1983-01-01Changed name to Colonial Trust Company, National Association
1984-05-01Moved bank headquarters from BOCA RATON, FL to PALM BEACH, FL
1986-10-28Changed name to Colonial Trust National Bank
1988-02-02Moved bank headquarters from PALM BEACH, FL to NORTH PALM BEACH, FL
1990-07-01Changed name to Palm Beach National Bank & Trust Company
1997-05-01Moved bank headquarters from NORTH PALM BEACH, FL to PALM BEACH, FL
1997-05-01Reorganized.
2002-10-18Merged into and subsequently operated as part of Colonial Bank (9609) in MONTGOMERY, AL
2003-08-08Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2003-08-08Changed name to Colonial Bank, National Association (9609)
2003-12-04Acquired Sarasota Bank (33644) in SARASOTA, FL
2005-02-10Acquired Union Bank of Florida (32518) in LAUDERHILL, FL
2005-06-02Acquired First Federal Savings Bank of Lake County (28856) in LEESBURG, FL
2007-06-08Acquired Commercial Bank of Florida (22813) in MIAMI, FL
2007-12-13Acquired Citrus and Chemical Bank (17283) in BARTOW, FL
2008-06-10Changed name to Colonial Bank (9609)
2008-06-10Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION
2008-06-10Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2009-08-14Failed. Acquired with government financial assistance and subsequently operated as part of Branch Banking and Trust Company (9846)
2012-08-02Acquired BankAtlantic (30559) in FORT LAUDERDALE, FL
2013-01-01Acquired BB&T Financial, FSB (34780) in COLUMBUS, GA
2013-01-01Reorganized.
2013-05-01Reorganized.
2015-06-19Acquired The Bank of Kentucky, Inc. (33022) in CRESTVIEW HILLS, KY
2015-08-01Acquired Semper Trust Company (33308) in KING OF PRUSSIA, PA
2015-08-01Acquired Susquehanna Bank (7579) in LITITZ, PA
2015-08-01Acquired Susquehanna Trust & Investment Company (35359) in LANCASTER, PA
2016-04-01Acquired National Penn Bank (7414) in ALLENTOWN, PA
2019-12-07Changed name to Truist Bank (9846)
2019-12-07Acquired SunTrust Bank (867) in ATLANTA, GA
2019-12-07Moved bank headquarters from MONTGOMERY, AL to CHARLOTTE, NC

Financial Information (2001-12-31 and Older)