# FIRST BANK & TRUST

> **Failed bank** · TRACY CITY, TN · failed 1985-06-28 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

FIRST BANK & TRUST of TRACY CITY, TN was closed by regulators on **1985-06-28**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST NB OF SHELBYVILLE** (SHELBYVILLE, TN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1024
- **FDIC Certificate:** 4968
- **FDIC FIN:** 2475
- **Bank name:** FIRST BANK & TRUST
- **Location:** TRACY CITY, TN
- **Failure date:** 1985-06-28
- **FDIC resolution date:** 1985-06-28
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $20M
- **Assets at failure:** $21M
- **Acquiring bank:** FIRST NB OF SHELBYVILLE (SHELBYVILLE, TN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20BANK%20%26%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST BANK & TRUST (FDIC ID 1024), failed 1985-06-28. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/1024.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*