Editing Coastal Bank and Trust

{{Infobox Business
|name=Coastal Bank and Trust
|logo=
|image=
|caption=
|type=
|industry=Banking
|products=
|services=
|location=[[One Pensacola Plaza]], headquarters<br/>27 branches
|established=[[2008]] (merger)
|founder=
|owner=[[Wikipedia:Synovus|Synovus]]
|ownertitle=
|employees=300
|revenue=
|income=
|hours=
|phone=
|fax=
|website=[http://www.coastalbankandtrust.com/ coastalbankandtrust.com]
|slogan=
|mapcode=
}}
{{Redirect5|Bank of Pensacola|the early bank of that name|Bank of Pensacola (19th century)|other uses|Bank of Pensacola (disambiguation)}}
'''Coastal Bank and Trust''' is a regional bank, owned by Georgia-based [[Wikipedia:Synovus|Synovus]], that was formed in December [[2008]] from a merger between the '''Bank of Pensacola''' and '''Vanguard Bank and Trust''' of [[Valparaiso]]. Bank of Pensacola (not to be confused with an [[Bank of Pensacola (19th century)|earlier bank of the same name]]) dates back to [[1972]] and had previously merged with several other local banks, including [[Horizon Bank of Florida]] and [[First American Bank of Pensacola]].

The bank has more than $1.8 billion in assets with over 300 employees and 27 locations.<ref name="unite"/> [[Thomas "Bo" Carter]] is the current president and CEO of the company, having been a co-founder and president of First American and named CEO of Bank of Pensacola in 2004.

==History==
Vanguard Bank & Trust Company was established on [[January 1]], [[1922]] in [[Valparaiso]].<ref>[http://www.bankbriefs.com/Florida/bank11290.htm Vanguard Bank at bankbriefs.com]</ref> It was acquired by Synovus in {{date needed}}.

Bank of Pensacola was established as a state bank on [[October 11]], [[1972]].<ref>[http://www.bankbriefs.com/Florida/bank20830.htm Bank of Pensacola at bankbriefs.com]</ref> It was acquired by Synovus in [[1990]] with $48.5 million in assets.<ref name="celebrates"/>

On [[August 20]], [[1999]], members of the [[Nobles family]] who owned [[Horizon Bank]] announced they would merge with Bank of Pensacola for $19.35 million in stock. The family had previously vowed to keep their third-generation, 76-year-old bank independent. Horizon president [[Jack Nobles]] was made senior vice president of the resulting company, and the Horizon lighthouse symbol was retained in the bank's logo.<ref>"Horizon, Bank of Pensacola merge." ''Pensacola News Journal'', August 21, 1999.</ref>

In [[2001]], Bank of Pensacola merged again with the [[First American Bank of Pensacola]]. The same year, the bank relocated its headquarters from 400 West [[Garden Street]] to the [[One Pensacola Plaza]] building, becoming the building's largest tenant and hoisting its logo on the exterior.<ref>"Bank of Pensacola signs in." ''Pensacola News Journal'', July 24, 2001.</ref>

Bank of Pensacola reached $1 billion in assets in September 2005.<ref name="celebrates">"Bank of Pensacola celebrates." ''Pensacola News Journal'', September 14, 2005.</ref>

In August [[2008]], Synovus announced it would combine its two companies, Bank of Pensacola and Vanguard Bank and Trust, renamed Coastal Bank and Trust. "The new name is more representative of our market place and new footprint across the Panhandle," said [[Bo Carter]], Bank of Pensacola's president and CEO who remained head of the new company.<ref>"Bank of Pensacola to consolidate." ''Pensacola News Journal'', August 22, 2008.</ref> The merger was completed on [[December 15]].<ref name="unite">"Two area banks unite officially Monday." ''Pensacola News Journal'', December 14, 2008.</ref>

==References==
{{reflist|2}}

[[Category:Banks]]