THE FIRST NATIONAL BANK OF SOUTH CHARLESTO Failed 1982
What happened
THE FIRST NATIONAL BANK OF SOUTH CHARLESTO of SOUTH CHARLESTON, WV was closed on 1982-11-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHARLESTON NATIONAL BANK (CHARLESTON, WV). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 725
- FDIC Certificate
- 6799
- FDIC FIN
- 2328
- Bank name
- THE FIRST NATIONAL BANK OF SOUTH CHARLESTO
- Location
- SOUTH CHARLESTON, WV
- Failure date
- 1982-11-05
- FDIC resolution date
- 1982-11-05
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $28M
- Assets at failure
- $29M
- Acquiring bank
- CHARLESTON NATIONAL BANK (CHARLESTON, WV)