SouthTrust Bank: Difference between revisions
No edit summary |
|||
| Line 6: | Line 6: | ||
SouthTrust was founded in [[1887]] as '''Birmingham Trust and Savings Company''', it grew to a bank spanning 9 states from Virginia to Texas. | SouthTrust was founded in [[1887]] as '''Birmingham Trust and Savings Company''', it grew to a bank spanning 9 states from Virginia to Texas. | ||
The name was changed to '''Birmingham Trust National Bank''' ('''BTNB''') in [[1946]]. It opened its | The name was changed to '''Birmingham Trust National Bank''' ('''BTNB''') in [[1946]]. It opened its first "neighborhood branches" in [[East Lake]], [[Mountain Brook]], and [[Wells Fargo Five Points West branch|Five Points West]] in the late 1940s and early 1950s. | ||
BTNB was the first financial institution in the nation to introduce what was termed at the time an "automated central information system" in [[1971]]. | BTNB was the first financial institution in the nation to introduce what was termed at the time an "automated central information system" in [[1971]]. | ||
Revision as of 22:27, 2 June 2011
SouthTrust Bank was a large regional bank headquartered in the SouthTrust Tower at 420 20th Street North in downtown Birmingham. It was purchased in 2004 by Charlotte, North Carolina-based Wachovia.
History
SouthTrust was founded in 1887 as Birmingham Trust and Savings Company, it grew to a bank spanning 9 states from Virginia to Texas.
The name was changed to Birmingham Trust National Bank (BTNB) in 1946. It opened its first "neighborhood branches" in East Lake, Mountain Brook, and Five Points West in the late 1940s and early 1950s.
BTNB was the first financial institution in the nation to introduce what was termed at the time an "automated central information system" in 1971.
After regional acquisions, the holding company SouthTrust Corporation was formed in 1981.
BTNB became known as SouthTrust Bank in 1982. SouthTrust was acquired by Charlotte, NC-based Wachovia Corporation in 2004. The SouthTrust name disappeared from bank buildings in October 2005.
References
- SouthTrust Bank website - accessed October 6, 2006