CLEVELAND -- Society Corp. said Ameritrust Co. has been merged into Society National Bank of Cleveland. Ameritrust had been a separate subsidiary since March 16, when Society Corp. acquired its Cleveland rival Ameritrust Corp.
The combined bank is the largest in Ohio, with $17.5 billion in assets, $12.9 billion in deposits, and 238 offices. Decision-making autonomy is distributed among 14 districts.
The merger of Society Bank Indiana and three Ameritrust affiliate in that state is scheduled for the fall. The new entity, Society National Bank Indiana, will have 97 branches and $3.4 billion in assets.
