American Bank of Huntsville

American Bank of Huntsville was originally established as Dorsey Building and Loan Association on October 21, 1920. Over the decades, the institution underwent several name changes and relocations. In 1987, it was renamed First Security Savings Association, which was later changed to First Security Federal Savings Bank in 1989. The bank continued to evolve, adopting the name Approved Federal Savings Bank in 1997, and subsequently transitioned to Franklin Security Bank, FSB in March 2004. In June 2004, the bank's main office was moved to Virginia Beach, Virginia, marking another geographical shift. In June 2007, the institution rebranded as Worthington Federal Bank, and in August 2014, it was named American Bank of Huntsville. Regulatory oversight transitioned to the Office of the Comptroller of the Currency in July 2011. The bank's main office moved to Huntsville, Alabama, on October 13, 2009. Ultimately, American Bank of Huntsville voluntarily closed and liquidated its assets on September 30, 2016.

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

1920-10-21Institution established. Original name: Dorsey Building and Loan Association.

1987-06-10Changed Institution Name to First Security Savings Association.

1987-06-10Main Office moved to Main Street, Chevy Chase, MD 20815.

1989-03-21Main Office moved to Two Wisconsin Circle Suite 210, Chevy Chase, MD 20815.

1989-05-02Changed Chartering Agency to Ots.

1989-05-02Changed Bank Class to Federal Savings Bank.

1989-05-02Changed Institution Name to First Security Federal Savings Bank.

1993-07-08Changed Institution Name to First Security Federal Savings Bank, Inc..

1993-07-08Main Office moved to 5105-s Backlick Road, Annandale, VA 22003.

1994-07-18Main Office moved to 7620 Little River Turnpike, Annandale, VA 22003.

1997-03-01Main Office moved to 2380 Court Plaza, Suite 200, Virginia Beach, VA 23456.

1997-04-04Changed Institution Name to Approved Federal Savings Bank.

2000-09-11Main Office moved to 1716 Corporate Landing Pkwy., Suite 200, Virginia Beach, VA 23454.

2004-03-01Changed Institution Name to Franklin Security Bank, Fsb.

2004-06-17Main Office moved to 1716 Corporate Landing Pkwy, Virginia Beach, VA 23454.

2004-07-19Main Office moved to 2809 S Lynnhaven Rd., Ref I, Ste 200, Virginia Beach, VA 23452.

2007-06-12Changed Institution Name to Worthington Federal Bank.

2007-06-13Main Office moved to 4040 Balmoral Drive, Huntsville, AL 35801.

2009-10-13Main Office moved to 3301 Memorial Parkway, Sw, Huntsville, AL 35801.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2014-08-31Changed Institution Name to American Bank of Huntsville.

2016-09-30Closed voluntarily and liquidated its assets.