# THE FIRST CENTRAL BANK

> **Failed bank** · SMITHVILLE, TN · failed 1983-07-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

THE FIRST CENTRAL BANK of SMITHVILLE, TN was closed by regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $18M
- **Assets at failure:** $19M
- **Acquiring bank:** CITY BANK&TRUST CO (MC MINNVILLE, TN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST CENTRAL BANK (FDIC ID 797), failed 1983-07-08. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/797.

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