THE FIRST CENTRAL BANK Failed 1983

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

What happened

THE FIRST CENTRAL BANK of SMITHVILLE, TN was closed on 1983-07-08. The FDIC was named receiver.

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

Deposits were transferred to CITY BANK&TRUST CO (MC MINNVILLE, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
797
FDIC Certificate
4963
FDIC FIN
2353
Bank name
THE FIRST CENTRAL BANK
Location
SMITHVILLE, TN
Failure date
1983-07-08
FDIC resolution date
1983-07-08
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.)
$5M
Deposits at failure
$18M
Assets at failure
$19M
Acquiring bank
CITY BANK&TRUST CO (MC MINNVILLE, TN)