MAGNA BANK

  • Bank Name:Magna Bank
  • Bank Class:Federal Reserve Member Bank
  • Member FDIC:Certificate #34937 - Inactive
  • Web Address:No website available
Headquarters:6525 Quail Hollow Road, Memphis, Tennessee 38120
Acquired by Pinnacle Bank
Magna Bank was merged or acquired without government assistance.

HISTORY OF MAGNA BANK

Magna Bank was established in January 1999 and headquartered in Memphis, Tennessee. Magna Bank was classified as a commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB). Magna Bank was merged or acquired without government assistance on September 1, 2015 and is no longer doing business under that name. To view branches, routing numbers, phone numbers and business hours; you can check Pinnacle Bank page.

Below is a list of some important events in banks history, including mergers and acquisitions.

DATEEVENT

09/01/2015 -Merged into and subsequently operated as part of Pinnacle Bank (35583) in Nashville, TN

05/31/2012 -Changed institution class to Insured Commercial Or Savings Banks, State, Members FRS

05/31/2012 -Changed organization type to Commercial Bank

05/31/2012 -Changed primary regulatory agency from Comptroller of the Currency to Federal Reserve Board

07/21/2011 -Changed primary regulatory agency from Office Of Thrift Supervision to Comptroller of the Currency

05/14/2007 -Changed name to Magna Bank

01/27/1999 -Institution established: Original name: First Trust Bank for Savings

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