October 11, 2005
Bruceton Bank and The Terra Alta Bank become Clear Mountain Bank
On October 11, 2005, Bruceton Bank acquired its affiliate, The Terra Alta Bank, and the combined institution became Clear Mountain Bank. The bank remained headquartered in Bruceton Mills while continuing the older banks' service in Preston County and nearby communities.
Research status
This entry has been checked against its named source.
The timeline wording accurately reflects the source listed below. This status does not necessarily mean the event has been independently corroborated against additional records.
Sources and further reading
Where this entry comes from
Federal Reserve CRA Public Evaluation, 2007; West Virginia Secretary of State business record
Research notes
What the evidence establishes
The Federal Reserve states that Clear Mountain Bank was formed on October 11, 2005, when Bruceton Bank acquired The Terra Alta Bank. The West Virginia Secretary of State record documents Clear Mountain Bank as a trade name later that month and records the merger. The sources reviewed do not explain why the name 'Clear Mountain' was selected; this entry makes no claim that it was named for a particular mountain.
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