FIRST SECURITY BANK Failed 1991
What happened
FIRST SECURITY BANK of ROANOKE, VA was closed on 1991-05-24. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST CENTURY BANK (ROANOKE, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3112
- FDIC Certificate
- 27380
- FDIC FIN
- 4361
- Bank name
- FIRST SECURITY BANK
- Location
- ROANOKE, VA
- Failure date
- 1991-05-24
- FDIC resolution date
- 1991-05-24
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $15M
- Assets at failure
- $16M
- Acquiring bank
- FIRST CENTURY BANK (ROANOKE, VA)