FNB is now First Bank of Alabama

Enjoy the Same Friendly Bankers and Convenient Locations

The Board of Directors of The First National Bank of Talladega announced that First National Bank of Talladega has completed regulatory approval to change its charter and begin operating as First Bank of Alabama. The Bank which had operated as a federally-charted bank since 1893 when it was granted a federal charter to operate as Isbell National Bank of Talladega was recently granted a state charter, necessitating a name change.

"Customers’ ability to use their accounts is not impacted by the name change, and there are no changes to account numbers, routing numbers, checks or debit cards."

W. Larkin Coker
Chairman, Board of Directors

The requested change will have no impact on the day-to-day operations of the Bank. The ownership, management, employees, locations, products and services of the Bank will not change. However, the change means the government agency responsible for the regulatory oversight of the Bank changes from the Office of the Comptroller of the Currency (OCC) to the Alabama State Banking Department and the Federal Deposit Insurance Corporation (FDIC).

“The change to a state-chartered bank and change in the Bank’s name represents an exciting new chapter for this institution, which has operated continuously in Talladega County since 1848,” said Larkin Coker, Chairman of the Board of Directors. “In addition to working with banking regulators closer to home, the change represents an opportunity to further invest in our market area.”

 John D. Belew
President & CEO

The Bank will unveil the new name on updated signage, statements and other official documents throughout the remainder of 2015. Through the entire process, customer loan and deposit agreements remain the same and deposits will remain fully guaranteed by FDIC insurance in accordance with FDIC guidelines. 

“First Bank of Alabama will continue to provide the same banking services from the same friendly bankers our customers know and trust,” said First Bank President & CEO John D. Belew. “The Bank remains with the same local ownership, local management, local employees and local decision-making, with a new name that reflects that we are the oldest continuously operating bank in Alabama.”