# FIRST FSA OF WAYNESBORO

> **Failed bank** · WAYNESBORO, TN · failed 1991-02-08 · SL · FDIC cost $2M

## What happened

FIRST FSA OF WAYNESBORO of WAYNESBORO, TN was closed by state regulators on **1991-02-08**. The FDIC was named receiver.

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

Deposits were transferred to **WAYNE COUNTY BANK** (WAYNESBORO, TN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3013
- **FDIC Certificate:** 29585
- **FDIC FIN:** 7383
- **Bank name:** FIRST FSA OF WAYNESBORO
- **Location:** WAYNESBORO, TN
- **Failure date:** 1991-02-08
- **FDIC resolution date:** 1991-08-09
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $18M
- **Assets at failure:** $18M
- **Acquiring bank:** WAYNE COUNTY BANK (WAYNESBORO, TN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FSA OF WAYNESBORO (FDIC ID 3013), failed 1991-02-08. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3013.

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