Industry | Financial services |
---|---|
Founded | 1983 |
Defunct | 1990 |
Fate | Merged to form NationsBank |
Successor | Bank of America |
Headquarters | Norfolk, Virginia, United States |
Products | Commercial banking Retail banking |
Sovran Bank was a US-based regional bank that operated in Virginia between 1983 and 1990, and was the leading subsidiary of Sovran Financial Corporation. It was itself a product of a merger between First & Merchants Bank of Richmond and Virginia National Bankshares of Norfolk, both of which could trace back their history to the 1860s. In 1990, it was merged with Citizens & Southern National Bank to form C&S/Sovran Corp., which in turn merged with NCNB to form NationsBank which became Bank of America in 1998.