Independence Trust Company

Independence Trust Company was established on January 9, 1997, originally under the name Independence Trust Company of Tennessee, but it did not have Federal Deposit Insurance Corporation (FDIC) insurance at that time. On March 15, 2004, the institution changed its name to Independence Trust Company and became a federally insured savings bank, with the Office of Thrift Supervision (OTS) as its chartering agency and primary federal regulatory agency. The main office was relocated to 325 Bridge Street, Franklin, Tennessee, on the same date. Subsequently, on July 21, 2011, the primary federal regulatory agency was changed to the Office of the Comptroller of the Currency. After over a decade of operation, the company voluntarily closed and liquidated its assets on December 31, 2017.

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

1997-01-09Institution established but was not FDIC insured. Original name: Independence Trust Company of Tennessee.

2004-03-15Became FDIC insured.

2004-03-15Changed Chartering Agency to Ots.

2004-03-15Changed Bank Class to Federal Savings Bank.

2004-03-15Changed Primary Federal Regulatory Agency to Ots.

2004-03-15Changed Institution Name to Independence Trust Company.

2004-03-15Main Office moved to 325 Bridge Street, Franklin, TN 37064.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2017-12-31Closed voluntarily and liquidated its assets.