Crestar Bank Overview and Timeline

Crestar Bank was founded in 1904 by a group of entrepreneurs in Richmond, Virginia. It started as a small bank with a single location.

The bank's early success was largely due to its focus on providing personalized service to its customers. Crestar Bank's founders believed that building strong relationships with the community was key to its growth.

In 1985, Crestar Bank merged with the Bank of Virginia, expanding its presence in the state. This strategic move helped Crestar Bank become one of the largest banks in Virginia.

Crestar Bank was founded on December 8, 1865, making it a historic institution with a rich past.

The bank's original name was National Savings and Trust Company, but it went through several name changes over the years, eventually becoming Crestar Bank in 1987.

Crestar Bank was headquartered in Richmond, Virginia, and had branches in DC, Virginia, and Maryland. At its peak, it was the largest independent bank in Virginia.

Here are some key dates in Crestar Bank's history:

In 1998, Crestar Bank was acquired by SunTrust Banks, marking the end of its independent existence.

Crestar Bank was founded in 1961 in Richmond, Virginia.

In 1994, Crestar Bank merged with Virginia National Bank to form Virginia National Bank, but the name Crestar Bank was retained.

The bank continued to operate as Crestar Bank until 1999 when it was acquired by Bank of America.

Crestar Bank had over 80 branches in the Richmond area at its peak.

The bank's headquarters were located in Richmond, Virginia.

Crestar Bank was known for its strong leadership, which played a significant role in its growth and success.

The bank's leadership team was highly experienced, with many members having worked at the bank for over a decade.

Under the leadership of CEO John B. Turner, Crestar Bank expanded its services to include consumer lending, making it a one-stop shop for customers.

Turner's leadership style was described as collaborative, with a focus on empowering employees to make decisions and take ownership of their work.

Crestar Bank's leadership team was also committed to community development, with a focus on investing in local businesses and initiatives.

The bank's leadership played a key role in its merger with Bank of America in 1999, which helped to further expand its services and reach.