TrustAtlantic Bank

Corporate News

TrustAtlantic Bank Wraps Up United Way Campaign With Successful Food Drive

December 04, 2013—TrustAtlantic Bank concluded its annual United Way fundraising campaign in a big way this year. In addition to soliciting traditional monetary pledges from its associates, the company spent over four weeks collecting food from both employees and customers out of their four Wake County office locations. This week the company do...


TrustAtlantic Bank Enters Residential Mortgage Loan Business - Names Mortgage Veteran Cynthia Smith as Manager

October 21, 2013—TrustAtlantic Bank today announced the formation of a residential mortgage lending group that will be led by Cynthia Smith. This new department will originate conventional mortgage loans as well as FHA, USDA and other government backed home loans.   “We are excited to offer competitive home loans to our customers” s...


TrustAtlantic Bank Completes Acquisition of Raleigh Office From Harrington Bank

May 27, 2013—RALEIGH, N.C. – TrustAtlantic Bank (“TrustAtlantic”), headquartered in Raleigh, North Carolina, has completed its acquisition of the Raleigh banking office of Chapel Hill-based Harrington Bank, FSB (“Harrington”). The transaction, in which TrustAtlantic assumed the deposits and purchased certain loans and related asset...


Justin Dunn Joins Raleigh Commercial Banking Team

February 25, 2013—TrustAtlantic Bank announced today that Justin P. Dunn has joined the company as Vice President and Commercial Relationship Officer at the bank’s corporate headquarters located at 4801 Glenwood Avenue in Raleigh, North Carolina. “We are very fortunate to have Justin join our commercial banking team” said L. Randy Powe...


TRUSTATLANTIC BANK TO ACQUIRE RALEIGH OFFICE FROM HARRINGTON BANK

February 04, 2013—RALEIGH, N.C. – TrustAtlantic Bank (“TrustAtlantic”), headquartered in Raleigh, North Carolina, and Harrington Bank, FSB (“Harrington”), headquartered in Chapel Hill, North Carolina, today announced they have entered into a definitive agreement whereby TrustAtlantic would assume the deposits and purchase certain loans ...


TrustAtlantic Bank Celebrates Five Year Anniversary

June 26, 2012—TrustAtlantic Financial Corporation (the "Company") today announced that June 7th marked the five year anniversary of the operation of its wholly owned subsidiary, TrustAtlantic Bank (the "Bank"). On that day in 2007 the Company completed the acquisition of Greenville, NC-based Millennia Community Bank, which it then substantial...


Thibault and Cron Join TrustAtlantic Team

January 29, 2012—TrustAtlantic Bank announced today the addition of two long time Raleigh bankers to its retail banking team. Patricia G. Thibault and Christina M. Cron have joined the bank as Manager and Assistant Manager of the North Ridge office located at 6511 Falls of Neuse Road in Raleigh, NC. "Pat and Christina are excellent additions to ...


Jim Beck Assumes Chair of Greater Raleigh Chamber Board

October 25, 2011—The Greater Raleigh Chamber of Commerce Board of Directors recently named James A. Beck the 2011/2012 Board Chair. Beck is the President and Chief Executive Officer of Raleigh-based TrustAtlantic Bank and TrustAtlantic Financial Corporation. He has been a volunteer with this organization for over 25 years and he leads the 60 mem...


Trustatlantic Bank Adds Veteran Banker Greg Steele to Greenville, NC Team

September 06, 2011—TrustAtlantic Bank, the wholly owned subsidiary of TrustAtlantic Financial Corporation, today announced the addition of Greg C. Steele to its banking team in Greenville, North Carolina. Steele will serve as a Commercial Relationship Officer for the bank's office located at 1310 W. Arlington Blvd. His primary responsibilities wil...


Trustatlantic Bank CEO Named Chair-Elect of Greater Raleigh Chamber Board

April 05, 2011—The Greater Raleigh Chamber of Commerce Board of Directors recently named James A. Beck the 2011 Chamber Chair-Elect. Beck is the President and Chief Executive Officer of Raleigh-based TrustAtlantic Bank and TrustAtlantic Financial Corporation. He has been a long- time Chamber volunteer with numerous leadership roles over the pa...


TrustAtlantic Bank's Anthony to Lead United Way of the Greater Triangle's Board

March 21, 2011—United Way of the Greater Triangle recently appointed John N. Anthony, Chief Administrator Officer for TrustAtlantic Bank, as Board Chairman and Walter Davenport, retired partner of Cherry, Bekaert & Holland, L.L.P., as First Vice Chair to the 2011 Board of Directors. The 2011 Board Chairman position is a continuation of Anthon...


Trustatlantic Bank Announces Julie Clark as New Cary Manager

March 28, 2010—Trustatlantic Bank Announces Julie Clark as New Cary ManagerTrustAtlantic Bank, the wholly owned subsidiary of TrustAtlantic Financial Corporation, today announced the addition of Julie Jones Clark to its banking team. Clark will serve as Branch Manager for the bank's Cary, North Carolina office which is currently under construc...


Trustatlantic Bank Names Greenville Advisory Board

January 22, 2009—TrustAtlantic Bank, the wholly owned subsidiary of TrustAtlantic Financial Corporation, today announced the inaugural members of its new Greenville Advisory Board for its Greenville, N.C. market. The purpose of this board is to assist the bank with business development efforts in the local community and provide strategic leaders...


Plans Unveiled for New TrustAtlantic Center

November 16, 2008—TrustAtlantic Bank, the wholly owned subsidiary of TrustAtlantic Financial Corporation, announced today that it has signed an agreement to become the lead tenant in the building known as the Time and Temperature building, located at the intersection of Glenwood Avenue and Creedmoor Road in Raleigh, North Carolina. This highly re...


Trustatlantic Bank Hires Chief Credit Officer

October 10, 2008—TrustAtlantic Bank announced today the hiring of Timothy S. Day as Executive Vice President and Chief Credit Officer. Day is a seasoned banker who has spent the past 15 years with BB&T, most recently as Regional Loan Administrator in Winston-Salem, N.C. He will be based out of the headquarters office in Raleigh, N.C. and will be...


TrustAtlantic Bank Surpasses $200 Million in Assets at One Year Anniversary

June 03, 2008—TrustAtlantic Bank, the wholly owned subsidiary of TrustAtlantic Financial Corporation, announced today that it has reached a corporate milestone by surpassing $200 million in total assets within just one year of operation. TrustAtlantic Financial Corporation acquired the $32 million asset Millennia Community Bank in Greenville...


Trustatlantic Bank Hires Raleigh Deposit Officer

April 27, 2008—TrustAtlantic Bank, the wholly owned subsidiary of TrustAtlantic Financial Corporation, today announced the addition of Molly T. Casey to its banking team. Casey will serve as Deposit Officer for the bank and will focus on business development and deposit growth in the greater Raleigh, N.C. area. She comes to TrustAtlantic Bank ...


TrustAtlantic Bank CEO Named Impact Financial Leader

April 23, 2008—James A. Beck, President and Chief Executive Officer of TrustAtlantic Bank, the wholly owned subsidiary of TrustAtlantic Financial Corporation, has been named an Impact Financial Leader by Business Leader magazine. The publication's Impact Financial Leaders include 24 executives in the Triangle who are recognized for their leade...


Trustatlantic Bank Celebrates Opening of New Raleigh Branch

April 13, 2008—TrustAtlantic Bank, the wholly owned subsidiary of TrustAtlantic Financial Corporation, commemorated the grand opening of its first stand-alone Raleigh branch office on Wednesday, April 9. The new office, located in North Raleigh at 6511 Falls of Neuse Road, was previously a site for Caribou Coffee and touts a distinctive, upsca...


TrustAtlantic Bank Receives Approval for New Raleigh Office

January 29, 2008—TrustAtlantic Bank announced today that it has received regulatory approval for its new office to be located at 6511 Falls of Neuse Road in Raleigh, N.C. The office will be the bank?s first stand-alone branch office in Raleigh, and is expected to open in March of this year. The new location, which is currently undergoing signifi...


TrustAtlantic Bank Hires Commercial Services Manager

January 13, 2008—TrustAtlantic Bank announced today the hiring of Christopher L. Ratté as Senior Vice President and Manager of Commercial Services. Ratté comes to TrustAtlantic Bank from Greensboro, N.C. where he served in numerous business banking roles, most recently with First Citizens Bank. He will be responsible for supervisin...


TrustAtlantic Bank Hires Greenville Commercial Officer

January 09, 2008—TrustAtlantic Bank today announced the hiring of Thomas B. Jones as Senior Vice President and Commercial Relationship Officer in Greenville, N.C. Jones is a seasoned banker who most recently served in a similar role with The Little Bank in Greenville. He will be responsible for business development and commercial relationship ma...


TrustAtlantic Bank Surpasses $100 Million in Assets

November 25, 2007—TrustAtlantic Bank announced today that it has reached a corporate milestone by surpassing $100 million in total assets in just five months of operation. TrustAtlantic Financial Corporation acquired the $32 million asset Millennia Community Bank in Greenville, North Carolina on June 7, 2007 after a successful private placement o...


TrustAtlantic Bank Receives Approval to Relocate Headquarters to Raleigh

September 17, 2007—TrustAtlantic Bank announced today that it has relocated the bank headquarters to Raleigh, N.C. from Greenville, N.C. TrustAtlantic Financial Corporation had previously acquired Millennia Community Bank, which was headquartered in Greenville. "Moving our headquarters marks the completion of another important step in our original...


TrustAtlantic Bank Names Raleigh-Cary Senior Commercial Banking Team

August 01, 2007—TrustAtlantic Bank announced today the appointment of its senior commercial banking team for the Raleigh-Cary metro area. Tom Quinn, John Sprink and Darrin Williams have all joined TrustAtlantic as Senior Vice Presidents and will lead the bank's commercial banking and real estate lending efforts in the Triangle area. Randy Powel...


Millennia Community Becomes TrustAtlantic Bank, Banking Office Approved for Raleigh

July 24, 2007—James A. Beck, President and Chief Executive Officer, announced that the name change from Millennia Community Bank to TrustAtlantic Bank is now effective. The bank is currently updating signage, marketing materials and documents to reflect the new name and logo. In related news, Beck also announced that TrustAtlantic has receive...


TrustAtlantic Bank Hires Greenville Market President

July 08, 2007—TrustAtlantic Bank (TrustAtlantic) announced an addition today to its senior management team. J. Freeman Paylor will serve as Greenville Market President for the bank and will be responsible for the growth and development of the greater Greenville, North Carolina market. Mr. Paylor comes to TrustAtlantic after a successful 25-ye...


TrustAtlantic Financial Corporation Completes Acquisition of Millennia Community Bank

June 06, 2007—TrustAtlantic Financial Corporation announced today that it has completed its acquisition of Millennia Community Bank of Greenville, North Carolina after successfully meeting the conditions necessary to consummate the transaction. Subject to regulatory approval, Millennia Community Bank's name will be changed to TrustAtlantic Ba...


TrustAtlantic Financial Corporation Announces Regulatory Approval

December 10, 2006—TrustAtlantic Financial Corporation announced today that it has received approval from the Federal Reserve Bank of Richmond to become a bank holding company and to acquire Millennia Community Bank of Greenville, North Carolina. The companies have until March 6, 2007 to consummate the merger without further regulatory approval. T...


TrustAtlantic Financial Names Greenville Director

November 13, 2006—TrustAtlantic Financial Corporation announced today that Thomas J. Glennon was recently appointed to serve on the company's Board of Directors. Mr. Glennon is a long time resident of Greenville, NC, where he manages a group of business ventures and investments. Among other properties, he is the owner of the Greenville Hilton, th...


TrustAtlantic Financial Corporation Expands Management Team with Key Executive Hires

September 20, 2006—TrustAtlantic Financial Corporation ("TrustAtlantic"), a new Raleigh-based banking company in organization, announced today the appointment of two executives to its growing management team. Joining the company are banking industry veterans Richard (Rick) W. Edwards as Executive Vice President and Chief Financial Officer, and L. ...


Millennia Community Bank Receives Shareholder Approval for Acquisition By TrustAtlantic Financial Corporation

September 13, 2006—Millennia Community Bank announced today that it had received the necessary shareholder approval at its annual meeting on September 12, 2006 to effect a share exchange whereby Millennia Community Bank will be acquired by TrustAtlantic Financial Corporation and all shares of common stock of the bank will be surrendered and exchan...


TrustAtlantic Financial Corporation Names Board of Directors

September 13, 2006—TrustAtlantic Financial Corporation ("TrustAtlantic"), a new Raleigh-based banking company in organization, announced today the formation of its founding Board of Directors. E. Stephen Stroud, Chairman and Owner of NAI Carolantic Realty, has been elected Chairman of the Board. The establishment of a Board of Directors represents...


TrustAtlantic Financial Names John Anthony Top Retail Banking and Administrative Officer

July 17, 2006—TrustAtlantic Financial Corporation announced today that John N. Anthony has joined the firm as Executive Vice President and Chief Administrative Officer. Anthony is a 17 year Raleigh banking veteran with particular expertise in building strategic branch networks and developing service-oriented banking teams. On June 27, 2006, J...


James A. Beck & T. Stephen Johnson Announce Formation of TrustAtlantic Financial Corporation and Agreement to Acquire Millennia Community Bank

June 26, 2006—Veteran North Carolina banker, James A. Beck, and leading bank consultant, T. Stephen Johnson, announced today that they have joined forces to build a new banking company in North Carolina, which will be headquartered in Raleigh. They also announced that the new company, TrustAtlantic Financial Corporation, has entered into a de...