THE FIRST NATIONAL BANK OF JACKSONVILLE Failed 1985

JACKSONVILLE, AL · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE FIRST NATIONAL BANK OF JACKSONVILLE of JACKSONVILLE, AL was closed on 1985-07-05. The FDIC was named receiver.

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

Deposits were transferred to AMSOUTH BANK OF JACKSONV (JACKSONVILLE, AL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1027
FDIC Certificate
14837
FDIC FIN
2477
Bank name
THE FIRST NATIONAL BANK OF JACKSONVILLE
Location
JACKSONVILLE, AL
Failure date
1985-07-05
FDIC resolution date
1985-07-05
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$9M
Deposits at failure
$40M
Assets at failure
$43M
Acquiring bank
AMSOUTH BANK OF JACKSONV (JACKSONVILLE, AL)