Industry | Banking |
---|---|
Founded | 1901 |
Defunct | 2006 |
Fate | Acquired by BB&T |
Headquarters | Atlanta, Georgia |
Key people | Samuel B. Hay, III,
CEO David Brooks, CFO |
Revenue | $0.144 billion (2005) |
$0.029 billion (2005) | |
Total assets | $2.350 billion (2005) |
Total equity | $0.295 billion (2005) |
Number of employees | 549 |
Footnotes / references [1] |
Main Street Banks was a bank based in Atlanta, Georgia. In 2006, it was acquired by BB&T. The bank operated 24 branches. [1]
The bank was founded in 1901 as The Bank of Covington. [2]
In 1996, the bank was renamed Main Street Banks. [2]
In December 2002, the company acquired First National Bank of Johns Creek for $26.2 million. [3]
In May 2003, the company acquired First Colony Bancshares Inc. for $96 million. [4]
In June 2004, the bank laid off 37 employees. [5]
In June 2006, the bank was acquired by BB&T for $599 million in stock. [6]