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Highlands Union Bank

From Wikipedia, the free encyclopedia
Highlands Union Bank
Company typeBank
IndustryFinancial services
Founded1985 (1985)
Founder600 investors
Defunct2019 (2019)
FateMerged
SuccessorFirst Community Bank
Headquarters,
Number of locations
15 branches at its peak
Area served
Tennessee, Virginia, and North Carolina
ProductsBanking services
Websitewww.hubank.com

Highlands Union Bank was an American financial institution based in Abingdon, Virginia. It was founded in 1985. In 2019 First Community Bank and Highlands Union Bank were merged.[1] As a result all existing Highlands Union Bank locations were renamed to First Community Bank.[2]

The first HUB office was started by 600 investors in an attempt to form a local bank for their community. Highlands Union Banks assets grew to $9.2 million in their first year in business. Immediately prior to the First Community Bank merger, the bank boasted 15 locations in the Tennessee, Virginia, and North Carolina Tri-state area.[3]

References

[edit]
  1. ^ "Highlands Union Bank to merge with First Community Bank".
  2. ^ "First Community Bankshares, Inc. Completes Acquisition of Highlands Bankshares, Inc. | Markets Insider". Archived from the original on 2021-04-11. Retrieved 2021-04-11.
  3. ^ "In 1985 Highlands Union Bank entered community banking". Highlands Union Bank. Archived from the original on 17 January 2012. Retrieved 10 June 2013.