# FIRST SECURITY BANK

> **Failed bank** · ROANOKE, VA · failed 1991-05-24 · State commercial bank, Federal Reserve member · FDIC cost $4M

## What happened

FIRST SECURITY BANK of ROANOKE, VA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $15M
- **Assets at failure:** $16M
- **Acquiring bank:** FIRST CENTURY BANK (ROANOKE, VA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SECURITY BANK (FDIC ID 3112), failed 1991-05-24. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/3112.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*