First Century Bank

First Century Bank, originally established as The First National Bank of Bluefield on October 9, 1891, underwent several name and structural changes throughout its history. In 1994, the institution acquired The Bank of Oceana in Oceana, West Virginia, and subsequently changed its name to First Century Bank, National Association. On May 7, 1999, First Century Bank expanded its footprint by acquiring another institution located in Wytheville, Virginia. A significant transformation occurred on January 20, 2012, when the bank rebranded itself to First Century Bank, Inc., becoming a state-chartered bank and member of the Federal Reserve System. This rebranding was part of a multi-faceted change that included a shift in primary regulatory oversight to the Federal Reserve. On April 1, 2017, First Century Bank merged with Summit Community Bank, Inc. based in Moorefield, West Virginia, and took the name Summit Community Bank, Inc. After several years of operation under that name, on October 24, 2018, it rebranded again to Summit Community Bank, Inc. On May 3, 2024, First Century Bank, through its previous incarnation as Summit Community Bank, merged with Burke & Herbert Bank & Trust Company located in Alexandria, Virginia, marking the end of its existence as a standalone entity.

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

1891-10-09Institution established. Original name: The First National Bank of Bluefield.

1994-11-28Changed Institution Name to First Century Bank, National Association.

1994-11-28Acquired The Bank of Oceana in Oceana, WV.

1999-05-07Acquired First Century Bank in Wytheville, VA.

2012-01-20Changed Chartering Agency to State.

2012-01-20Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2012-01-20Changed Primary Federal Regulatory Agency to FED.

2012-01-20Changed Institution Name to First Century Bank, Inc..

2012-01-21Changed Chartering Agency to State.

2012-01-21Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2012-01-21Changed Primary Federal Regulatory Agency to FED.

2012-01-21Changed Institution Name to First Century Bank, Inc..

2017-04-01Merged and became part of Summit Community Bank, Inc in Moorefield, WV.

2018-10-24Changed Institution Name to Summit Community Bank, Inc.

2024-05-03Merged and became part of Burke & Herbert Bank & Trust Company in Alexandria, VA.