First State Bank relaunches as Movement Bank
Danville-based First State Bank has a new majority owner and a new name. It was relaunched Tuesday as Movement Bank.
Casey Crawford, a former NFL tight end and the co-founder of Fort Mill, S.C.-based Movement Mortgage, became the majority shareholder of First State Bank in June and was named chairman of its board of directors.
In addition to changing its name, the bank says it has adopted a new strategy to expand into additional markets and develop improved products and services.
The bank was founded in 1919 by African-Americans whom mainstream banks refused to serve. Today, it has $39.5 million in assets and is led by President and CEO Tom Smith. Movement offers online and mobile banking, credit and debit cards and other services, including personal and business loans.
Crawford played for the Carolina Panthers and the Tampa Bay Buccaneers in the early 2000s. In 2008, he founded Movement Mortgage, one of the 10 largest purchase mortgage lenders in the nation.