SouthTrust (1887–2005)
For the Texas-based community bank rebranded as SouthTrust in 2013, see SouthTrust Bank
| Company type | Defunct, merged into Wachovia |
|---|---|
| Industry | Finance and Insurance |
| Founded | 1887 as Birmingham Trust and Savings Company |
| Defunct | 2004 |
| Fate | Acquired by Wachovia |
| Successor |
|
| Headquarters | Birmingham, Alabama, United States |
Key people | Wallace D. Malone Jr., Chief Executive Officer Julian Banton, President |
| Products | Financial services |
| Revenue | $3.32 billion USD (2003) |
| Total assets | $53 billion (2004) |
Number of employees | 12,400 (2003) |
SouthTrust Corporation was a banking company headquartered in Birmingham, Alabama. In 2004, SouthTrust reached an agreement to merge with Wachovia in a stock-for-stock deal. At the time of the merger with Wachovia was completed, SouthTrust had $53 Billion in assets. SouthTrust was listed on the NASDAQ exchange under the ticker symbol SOTR. The company was headquartered in the SouthTrust Tower, now known as the Shipt Tower. SouthTrust had branches in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia. By the end of 2005, all former SouthTrust branches that remained open carried the Wachovia name.