THE FIRST STATE BANK Failed 2020

BARBOURSVILLE, WV · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE FIRST STATE BANK of BARBOURSVILLE, WV was closed on 2020-04-03. The FDIC was named receiver.

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

Deposits were transferred to MVB BANK, INC (FAIRMONT, WV). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4102
FDIC Certificate
14361
FDIC FIN
10536
Bank name
THE FIRST STATE BANK
Location
BARBOURSVILLE, WV
Failure date
2020-04-03
FDIC resolution date
2020-04-03
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$44M
Deposits at failure
$143M
Assets at failure
$152M
Acquiring bank
MVB BANK, INC (FAIRMONT, WV)