Allied Bank

Allied Bank was established on March 4, 1902, originally under the name Bank of Mulberry. Over the course of its history, the institution underwent several significant changes and expansions. On February 1, 1997, Allied Bank became a member of the Federal Reserve System and changed its primary federal regulatory agency to the Federal Reserve. On March 7, 2002, the bank rebranded itself, adopting the name Allied Bank. Later, on April 16, 2002, Allied Bank expanded its operations by acquiring the Bank of Mansfield located in Mansfield, Arkansas. After years of operation, Allied Bank ultimately failed on September 23, 2016, and was subsequently merged with government financial assistance.

Below is a list of some important events in banks history, including mergers and acquisitions.

1902-03-04Institution established. Original name: Bank of Mulberry.

1997-02-01Institution becomes member of the Federal Reserve System.

1997-02-01Changed Primary Federal Regulatory Agency to FED.

2002-03-07Changed Institution Name to Allied Bank.

2002-04-16Acquired Bank of Mansfield in Mansfield, AR.

2016-09-23Failed. Merged with government financial assistance,.