# FIRST NATIONAL BANK OF JACKSON

> **Failed bank** · JACKSON, TN · failed 1990-10-25 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

FIRST NATIONAL BANK OF JACKSON of JACKSON, TN was closed by the OCC on **1990-10-25**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST TENNESSEE BANK, NATIO** (MEMPHIS, TN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2925
- **FDIC Certificate:** 4976
- **FDIC FIN:** 4288
- **Bank name:** FIRST NATIONAL BANK OF JACKSON
- **Location:** JACKSON, TN
- **Failure date:** 1990-10-25
- **FDIC resolution date:** 1990-10-25
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $70M
- **Assets at failure:** $74M
- **Acquiring bank:** FIRST TENNESSEE BANK, NATIO (MEMPHIS, TN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF JACKSON (FDIC ID 2925), failed 1990-10-25. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2925.

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