Bailout Bank Bio: BanTrust Financial Group

May 12, 2009 | 2 min read | Print Article

BancTrust Financial Group, Inc. (BancTrust) is a multi-bank holding company. The Company provides an array of traditional financial services through 44 bank offices in the southern two-thirds of Alabama and 10 bank offices in northwest Florida. BancTrust operates through its subsidiary banks, BankTrust, headquartered in Mobile, Alabama (the Alabama Bank), and BankTrust, headquartered in Santa Rosa Beach, Florida (the Florida Bank). In October of 2007, the Company acquired The Peoples BancTrust Company, Inc. (Peoples), a bank holding company headquartered in Selma that operated 23 branches throughout the central part of the state of Alabama. In January 2008, BancTrust entered into an agreement to sell three offices in and around Tuscaloosa, Alabama that were acquired in the Peoples purchase. In August of 2008, the Company sold three offices in and around Tuscaloosa, Alabama that were acquired in the Peoples purchase.

The company was founded in 1985. It was formerly known as Mobile National Corporation and changed its name to South Alabama Bancorporation, Inc. in 1993. Further, the company changed its name to BancTrust Financial Group, Inc. in 2002. BancTrust Financial Group is headquartered in Mobile, Alabama.

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Bailout Bank Bio: BancTrust Financial Group

Federal Equity Investment	$50 million
Total Revenue	$118.646 million
Net Income	$6.186 million
Number of Employees	686
Corporate Headquarters	Mobile, Alabama
Business Sector	Banking
Officers and Directors	Lamar, W. Bibb, President, Chief Executive Officer and Director Nelson, J.Stephen, Chairman of the Board Other Officers and Directors
Corporate Website	http://www.banctrustfinancialgroupinc.com/
Executive Compensation	BancTrust Financial Group