Peoples Bank and Trust Company: Difference between revisions
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'''The Peoples Bank and Trust Company''' was a Selma-based bank with two offices in [[Shelby County]]. People's entered the market in [[1998]] with the acquisition of [[Merchants and Planters Bank]] of [[Montevallo]]. It opened a branch in [[Helena]] during [[2000]]. Founded in the Dallas County town in [[1902]], it grew to become the 12th largest bank in Alabama, with 24 offices located in 10 Alabama counties and employing approximately 300 people. On [[October 15]], [[2007]], its holding company '''The Peoples BancTrust Company, Inc.''' was acquired by Mobile-based [[BankTrust]]. The banks will combine operations in [[2008]]. | '''The Peoples Bank and Trust Company''' was a Selma-based bank with two offices in [[Shelby County]]. People's entered the market in [[1998]] with the acquisition of [[Merchants and Planters Bank]] of [[Montevallo]]. It opened a de novo branch in [[Helena]] during [[2000]]. Founded in the Dallas County town in [[1902]], it grew to become the 12th largest bank in Alabama, with 24 offices located in 10 Alabama counties and employing approximately 300 people. On [[October 15]], [[2007]], its holding company '''The Peoples BancTrust Company, Inc.''' was acquired by Mobile-based [[BankTrust]]. The banks will combine operations in [[2008]]. | ||
==References== | ==References== | ||
Revision as of 22:08, 7 March 2008
The Peoples Bank and Trust Company was a Selma-based bank with two offices in Shelby County. People's entered the market in 1998 with the acquisition of Merchants and Planters Bank of Montevallo. It opened a de novo branch in Helena during 2000. Founded in the Dallas County town in 1902, it grew to become the 12th largest bank in Alabama, with 24 offices located in 10 Alabama counties and employing approximately 300 people. On October 15, 2007, its holding company The Peoples BancTrust Company, Inc. was acquired by Mobile-based BankTrust. The banks will combine operations in 2008.
References
- Jarvis, Crystal (October 26, 2007) "BancTrust profits drop 32 percent." Birmingham Business Journal
External Link
Peoples Bank and Trust website