Ironstone Bank
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| Type | Private |
|---|---|
| Industry | Banking, Finance |
| Founded | 1997 |
| Headquarters | Atlanta, Georgia |
| Key people | Frank B. Holding, Jr., CEO |
| Revenue | $76,300,000 |
| Employees | 1,677 |
| Website | http://www.ironstone.com/index.html?set_state=1 |
The Ironstone Bank is a community bank founded in 1997, and operating in most of the Southern United States. By 2008, it owned and operated approximately fifty-six branches.
The bank offers both personal and business financial services and is a wholly owned subsidiary of First Citizens BancShares, Inc.
[edit] History
The bank opened in Atlanta under the name Atlantic States Bank and expanded very quickly throughout Georgia, Florida and Texas. Five years after its opening it changed its name to Ironstone Bank to more accurately reflect their existing culture and demographics.
Ironstone continues to offer increasingly diversified financial services such as insurance, leasing and wealth management.
First Citizens BancShares' subsidiary First Citizens Bank, a North Carolina-chartered commercial bank, has filed an application with federal and state regulators to merge with IronStone Bank, with IronStone becoming a division of First Citizens Bank. IronStone Bank is a federal thrift institution and also a subsidiary of BancShares.[1]
The existing branches of IronStone Bank will continue to operate under the IronStone name for the foreseeable future. The unaffiliated First Citizens Bank of South Carolina, currently operates in Georgia, which would prevent a switch to the First Citizens name. The merger is subject to federal and state regulatory approvals.
[edit] References
- ^ http://www.marketwatch.com/story/first-citizens-bancshares-announces-filing-to-merge-banking-subsidiaries-2010-10-08
[edit] External links
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