First National Bank of Shelby County: Difference between revisions
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'''First National Bank of Shelby County''' was a [[Columbiana]]-based bank founded in [[1892]] and was family-owned until [[October 12]], [[2005]], when it was acquired by Mississippi-based [[M&F Bank]]. | |||
The bank's holding company was '''Columbiana Bancshares'''. Prior to the acquisition, members of the Harrison family, including CEO [[William T. Harrison, Sr]] and president [[Helen Phillips|Helen Harrison Phillips]], resigned after the bank was cited by the Office of the Comptroller of the Currency for unsound business practices, stemming from findings dating back as far as [[2002]]. Further violations were discovered in 2005. | |||
M&F converted First National's branches and entered the market on [[February 21]], [[2006]]. | |||
==Birmingham-area locations== | |||
*[[Chelsea]]: 16623 [[U.S. Highway 280]] | |||
*[[Columbiana]]: 106 [[East College Street]] | |||
*[[Hoover]]: 107 [[Inverness Corners]] | |||
*[[Pelham]]: 3513 [[Pelham Parkway]] | |||
*[[Riverchase]]: 101 [[Riverchase Parkway East]] | |||
*[[Wilsonville]]: 9833 North Main Street | |||
==References== | |||
* Ray, Tiffany (February 10, 2006) "[http://birmingham.bizjournals.com/birmingham/stories/2006/02/13/story4.html Buyers of Shelby bank eager to take control]." ''Birmingham Business Journal'' | |||
[[Category:Defunct banks]] | |||
[[Category:Columbiana]] | |||
Latest revision as of 18:26, 26 February 2009
First National Bank of Shelby County was a Columbiana-based bank founded in 1892 and was family-owned until October 12, 2005, when it was acquired by Mississippi-based M&F Bank.
The bank's holding company was Columbiana Bancshares. Prior to the acquisition, members of the Harrison family, including CEO William T. Harrison, Sr and president Helen Harrison Phillips, resigned after the bank was cited by the Office of the Comptroller of the Currency for unsound business practices, stemming from findings dating back as far as 2002. Further violations were discovered in 2005.
M&F converted First National's branches and entered the market on February 21, 2006.
Birmingham-area locations
- Chelsea: 16623 U.S. Highway 280
- Columbiana: 106 East College Street
- Hoover: 107 Inverness Corners
- Pelham: 3513 Pelham Parkway
- Riverchase: 101 Riverchase Parkway East
- Wilsonville: 9833 North Main Street
References
- Ray, Tiffany (February 10, 2006) "Buyers of Shelby bank eager to take control." Birmingham Business Journal