What happened to AmeriTrust?
What happened to AmeriTrust?
The collapse of the real estate market in the late 1980s substantially weakened AmeriTrust, which was burdened by too many high-risk real estate loans. Although the bank had increased its assets to $11 billion, it was struggling to survive when Craig Smith replaced Jarrett as president in 1990.
What happened to Cleveland Trust Bank?
The Cleveland Trust Company merged with Society National Bank in 1991, and Key Bank of Albany, New York, merged Society National Bank in 1993. The new company was called KeyCorp and headquartered in Cleveland.
Who bought AmeriTrust?
The Society Corporation
The Society Corporation, owner of the third-largest bank in Cleveland, yesterday announced an agreement to acquire the Ameritrust Corporation, which owns that city’s largest bank. The move will create an institution with more than $25 billion in assets, making it one of the nation’s 25 largest banking companies.
Who owns AmeriTrust?
Fosun International
Miracle Nova Ii (Us), Llc
AmeriTrust Group/Parent organizations
Who bought Ameritrust?
Who founded the Cleveland Trust?
Cleveland-based grocery store chain owners Tom and Jeff Heinen then invested $10 million to transform the bank rotunda, and an adjoining building at 1010 Euclid Avenue, into a 27,000-square-foot supermarket, which opened its doors on February 25, 2015.
Is AmeriTrust a public company?
AmeriTrust Group – A story of evolution and innovation Meadowbrook’s common stock becomes publicly traded.
Who is buying AmeriTrust insurance?
AF Group
AF Group, a nationally recognized holding company whose affiliated brands provide specialty and workers’ compensation insurance solutions across the United States, has entered into a definitive agreement through its subsidiary Accident Fund Insurance Company of America to purchase AmeriTrust Group from Fosun.