# FIRST STATE BANK OF ATMORE

> **Failed bank** · ATMORE, AL · failed 1987-02-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised)

## What happened

FIRST STATE BANK OF ATMORE of ATMORE, AL was closed by regulators on **1987-02-19**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NB OF ATMORE** (ATMORE, AL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1366
- **FDIC Certificate:** 24990
- **FDIC FIN:** 2648
- **Bank name:** FIRST STATE BANK OF ATMORE
- **Location:** ATMORE, AL
- **Failure date:** 1987-02-19
- **FDIC resolution date:** 1987-02-19
- **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:** $0M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** FIRST NB OF ATMORE (ATMORE, AL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK OF ATMORE (FDIC ID 1366), failed 1987-02-19. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/1366.

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