# THE FIRST NATIONAL BANK OF JACKSONVILLE

> **Failed bank** · JACKSONVILLE, AL · failed 1985-07-05 · National commercial bank (OCC-chartered) · FDIC cost $9M

## What happened

THE FIRST NATIONAL BANK OF JACKSONVILLE of JACKSONVILLE, AL was closed by the OCC 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
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $40M
- **Assets at failure:** $43M
- **Acquiring bank:** AMSOUTH BANK OF JACKSONV (JACKSONVILLE, AL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20NATIONAL%20BANK%20OF%20JACKSONVILLE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF JACKSONVILLE (FDIC ID 1027), failed 1985-07-05. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1027.

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