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The original bank was opened in 1968. However, in three years Yadkin Valley Bank grew significantly by the acquisition of two other regional banks (Main Street Bankshares, Inc. in June 2002, operating as "Piedmont Bank", and High Country Financial Corporation in January 2004, operating as "High Country Bank") and a mortgage broker (Sidus Financial LLC in October 2004), as well as opening new ...
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The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
First National Bank was founded in Mercer County, Pennsylvania, in 1864 under the name The First National Bank of West Greenville and operated out of the house of then bank president, Samuel P. Johnston, in Greenville, Pennsylvania. [4]
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Source: Calculations by author. By saving and investing, you might not end up as wealthy as the top 0.01% of Americans, but as the chart above shows, you can still do pretty well.