# RAINSVILLE BANK

> **Failed bank** · RAINSVILLE, AL · failed 1986-05-09 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

RAINSVILLE BANK of RAINSVILLE, AL was closed by regulators on **1986-05-09**. The FDIC was named receiver.

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

Deposits were transferred to **JACOBS BANK** (SCOTTSBORO, AL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1193
- **FDIC Certificate:** 19216
- **FDIC FIN:** 2557
- **Bank name:** RAINSVILLE BANK
- **Location:** RAINSVILLE, AL
- **Failure date:** 1986-05-09
- **FDIC resolution date:** 1986-05-09
- **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:** $1M
- **Deposits at failure:** $16M
- **Assets at failure:** $17M
- **Acquiring bank:** JACOBS BANK (SCOTTSBORO, AL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, RAINSVILLE BANK (FDIC ID 1193), failed 1986-05-09. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1193.

---

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