 | |
| Industry | Financial services |
|---|---|
| Founded | 1983 |
| Defunct | 1990 |
| Fate | Merged with North Carolina National Bank to form NationsBank |
| Successor | Bank of America |
| Headquarters | Norfolk, Virginia, United States |
| Products | Commercial banking Retail banking |
Sovran Bank was a regional bank that operated in Virginia between 1983 and 1990. It was the primary subsidiary of Sovran Financial Corporation, a bank holding company. It was formed from the 1983 merger of First & Merchants Bank of and Virginia National Bankshares, both of which could trace back their history to the 1860s.[1] In 1990, Sovran merged with Citizens & Southern National Bank to form C&S/Sovran Corp., which in 1991, merged with North Carolina National Bank to form NationsBank. That bank became Bank of America in 1998.
The name Sovran came from Glenn Monigle & Associates as a simple spelling of "sovereign".[2]
- ^ Therrien, Lois (August 26, 1983). "2 Va. Banks To Merge at End of '83". The Washington Post.
- ^ "The Name Game: Businesses Strive for new identities". The News Tribune. October 28, 1985.