# FIRST OF MONTGOMERY COUNTY

> **Failed bank** · BLACKSBURG, VA · failed 1986-06-06 · SL · FDIC cost $3M

## What happened

FIRST OF MONTGOMERY COUNTY of BLACKSBURG, VA was closed by state regulators on **1986-06-06**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CARTERET S&LA FA** (NEWARK, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1208
- **FDIC Certificate:** 28240
- **FDIC FIN:** 1686
- **Bank name:** FIRST OF MONTGOMERY COUNTY
- **Location:** BLACKSBURG, VA
- **Failure date:** 1986-06-06
- **FDIC resolution date:** 1986-06-06
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $15M
- **Assets at failure:** $15M
- **Acquiring bank:** CARTERET S&LA FA (NEWARK, NJ)

## Other banks CARTERET S&LA FA has acquired in FDIC resolutions

- MOUNTAIN SECURITY SB (WYTHEVILLE, VA) — failed 1986-06-06 — /failed-bank/1209
- BARTON S&LA (NEWARK, NJ) — failed 1982-10-01 — /failed-bank/713

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST OF MONTGOMERY COUNTY (FDIC ID 1208), failed 1986-06-06. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1208.

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