Star Banc Corporation
| Star Bank | |
|
Formerly called
|
First National Cincinnati Corporation (1974–1988) |
| public | |
| Traded as | : STB |
| Industry | Banking |
| Fate | Changed name to Firstar after acquiring Firstar |
| Successor | Firstar and later U.S. Bancorp |
| Founded | 1863 as the First National Bank of Cincinnati in Cincinnati, Ohio |
| Defunct | November 20, 1998 |
| Headquarters | Cincinnati, Ohio |
|
Area served
|
Ohio, Indiana, Kentucky, and Tennesse |
|
Key people
|
Jerry Grundhofer |
| Website | archived official website |
Star Banc Corporation was a Cincinnati, Ohio-based regional bank holding company that became Firstar in 1998 and eventually became U.S. Bancorp in 2001. The company can trace it origins back to 1863 when it was first founded as the First National Bank of Cincinnati.
In Cincinnati, First National Bank of Cincinnati opened for business in 1863 under National Charter #24, the charter that U.S. Bancorp still operates under today.
To allow the company to expand outside of Cincinnati and to allow it to acquire other banks, the First National Bank of Cincinnati formed a holding company called the First National Cincinnati Corporation in January 1974.
In July 1988, First National Cincinnati change the names of all of its 17 subsidiary banks to use the Star Bank name. In Columbus Ohio, Ohio State Bank was renamed Star Bank Central Ohio. The First National Bank of Cincinnati was renamed Star Bank, N.A., Cincinnati.
To be more consistent with the names of its subsidiary banks, the holding company changed its name to Star Banc Corporation the following year in April 1989.
First National Cincinnati Corporation made its first expansion move outside of Hamilton County by announcing in May 1975 the pending acquisition of the Yellow Springs, Ohio-based Miami Deposit Bank from Midwestern Fidelity Corporation for an undisclosed amount. At the time of the announcement, First National Bank of Cincinnati had 24 offices. The acquisition was completed in October 1975 for $3.6 million.
In May 1976, First National Cincinnati Corporation announced the pending acquisition of the Ironton-based First National Bank of Ironton and Troy-based First National Bank & Trust Co. for an undisclosed amount. The acquisition was completed in August 1976.
In July 1977, First National Cincinnati Corporation announced the pending acquisition of the Circleville-based Third National Bank of Circleville for an undisclosed amount. The acquisition was completed in December 1977 for $2.9 million in cash.
In December 1978, First National Cincinnati Corporation announced the pending acquisition of the Gallipolis-based Commercial & Savings Bank for an undisclosed amount. The acquisition was completed in August 1979.
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Wikipedia