FIRST NATIONAL BANK Failed 2010

What happened

FIRST NATIONAL BANK of ROSEDALE, MS was closed on 2010-06-04. The FDIC was named receiver.

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

Deposits were transferred to THE JEFFERSON BANK (FAYETTE, MS). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3812

FDIC Certificate

15814

FDIC FIN

10247

Bank name

FIRST NATIONAL BANK

Location

ROSEDALE, MS

Failure date

2010-06-04

FDIC resolution date

2010-06-04

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$18M

Deposits at failure

$63M

Assets at failure

$60M

Acquiring bank

THE JEFFERSON BANK (FAYETTE, MS)