Synovus consolidating bank charters


14-Nov-2019 08:18

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Mack Robinson, who became a director at First Atlanta.

Subsequently, First Atlanta purchased and merged with banks in several other communities in Georgia.

BB&T Corporation's recent acquisition of competitor banks disrupted the competitive landscape of FULT's market.

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“That would honor and recognize the past,” Preston said.

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The Northwest Georgia group includes Georgia Bank & Trust in Calhoun and Cartersville, Cohutta Banking Company in Dalton, La Fayette and Chickamauga and Citizens First in Rome.A formal announcement is expected to be made later today.Atkins’ move comes as parent company Synovus Financial prepares to consolidate The Bank of Nashville’s charter into a single entity.In the 1950s the Georgia state banking laws changed to limit banking consolidations across city and county lines, and bank mergers slowed until the 1970s, when acquisition of banks across county lines was again the bank was transferred to a new bank holding company, First National Holding Corporation, in December 1968, and the holding company was renamed First Atlanta Corporation in 1979.

In 1972 the bank purchased more than 100 finance offices owned by Atlanta businessman J.

Hunter Atkins is stepping down as CEO of The Bank of Nashville, sources have told Nashville