FIRST SECURITY BANK OF DICKSON Failed 1985
What happened
FIRST SECURITY BANK OF DICKSON of DICKSON, TN was closed on 1985-09-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PEOPLES BANK (VANLEER, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1066
- FDIC Certificate
- 20490
- FDIC FIN
- 2498
- Bank name
- FIRST SECURITY BANK OF DICKSON
- Location
- DICKSON, TN
- Failure date
- 1985-09-12
- FDIC resolution date
- 1985-09-12
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $14M
- Assets at failure
- $15M
- Acquiring bank
- PEOPLES BANK (VANLEER, TN)
Other banks PEOPLES BANK acquired in FDIC resolutions
- FIRST SA (PARAGOULD, AR) — failed 1990-11-30