# FIRST SECURITY BANK OF DICKSON

> **Failed bank** · DICKSON, TN · failed 1985-09-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

FIRST SECURITY BANK OF DICKSON of DICKSON, TN was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $14M
- **Assets at failure:** $15M
- **Acquiring bank:** PEOPLES BANK (VANLEER, TN)

## Other banks PEOPLES BANK has acquired in FDIC resolutions

- FIRST SA (PARAGOULD, AR) — failed 1990-11-30 — /failed-bank/2948

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SECURITY BANK OF DICKSON (FDIC ID 1066), failed 1985-09-12. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/1066.

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