Main Street Bank

Main Street Banks was a bank based in Atlanta, Georgia. In 2006, it was acquired by BB&T. The bank operated 24 branches.^[1]

Main Street Banks, Inc.

Industry	Banking
Founded	1901; 124 years ago (1901)
Defunct	2006; 19 years ago (2006)
Fate	Acquired by BB&T
Headquarters	Atlanta, Georgia
Key people	Samuel B. Hay, III, CEO David Brooks, CFO
Revenue	$0.144 billion (2005)
Net income	$0.029 billion (2005)
Total assets	$2.350 billion (2005)
Total equity	$0.295 billion (2005)
Number of employees	549
Footnotes / references [1]

History

The bank was founded in 1901 as The Bank of Covington.^[2]

In 1996, the bank was renamed Main Street Banks.^[2]

In December 2002, the company acquired First National Bank of Johns Creek for $26.2 million.^[3]

In May 2003, the company acquired First Colony Bancshares Inc. for $96 million.^[4]

In June 2004, the bank laid off 37 employees.^[5]

In June 2006, the bank was acquired by BB&T for $599 million in stock.^[6]