Who bought out South Carolina National Bank?

Who bought out South Carolina National Bank?

The Wachovia Corporation, one of the South’s leading banks, announced yesterday that it would buy the South Carolina National Corporation in a stock swap valued at $835 million.

What is the largest bank in South Carolina?

Founded in 1950 in Blairsville, Georgia, United Community Bank has more than $18 billion in assets, more than 2,400 total employees and 160 branches across the Carolinas, Tennessee and Florida. The move to Greenville, which is expected to create 227 jobs, will make it the largest bank based in South Carolina.

Which branch of the Fed regulates banks in South Carolina?

The Office of the Commissioner of Banking regulates State chartered banks, savings banks, savings and loan associations, credit unions and trust companies. We determine compliance with the laws and regulations of the State of South Carolina and monitor the operations of these institutions.

How many banks are headquartered in South Carolina?

All 47 FDIC Insured Banks in South Carolina (SC) – Page 1

What happened to South Carolina National Bank?

The merger of South Carolina National Bank with Wachovia Corporation, along with the additional merger of First Atlanta National Bank in 1993, resulted in combined assets of approximately $36 billion by the end of fiscal 1994.

When did NBSC become Synovus?

1995
Acquired by Synovus in 1995 Synovus Financial Corporation, based in Columbus, Georgia, acquired NBSC in February 1995 for stock worth $153 million, or twice NBSC’s book value. Synovus, which had assets of nearly $6 billion before the merger with NBSC, had gobbled up more than 30 banks in the previous ten years.

What is the best bank in SC?

Finding the Best Banks in South Carolina

What is the most popular bank in South Carolina?

The Largest Banks in South Carolina

• Wells Fargo.
• Bank of America.
• Truist Bank.
• First Citizens Bank & Trust.
• South State Bank.
• TD Bank.
• Synovus Bank.
• United Community Bank.

What was Wachovia Bank before?

First National Bank of Atlanta
Founded as Atlanta National Bank on September 14, 1865, and later renamed to First National Bank of Atlanta, this institution was the oldest national bank in Atlanta. This purchase made Wachovia one of the few companies with dual headquarters: one in Winston-Salem and one in Atlanta.

Where is the National Bank of South Carolina located at?