# THE FIRST NATIONAL BANK OF SOUTH CHARLESTO

> **Failed bank** · SOUTH CHARLESTON, WV · failed 1982-11-05 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

THE FIRST NATIONAL BANK OF SOUTH CHARLESTO of SOUTH CHARLESTON, WV was closed by the OCC 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $28M
- **Assets at failure:** $29M
- **Acquiring bank:** CHARLESTON NATIONAL BANK (CHARLESTON, WV)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20NATIONAL%20BANK%20OF%20SOUTH%20CHARLESTO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF SOUTH CHARLESTO (FDIC ID 725), failed 1982-11-05. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/725.

---

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