# FIRST PEOPLES BANK OF WASHINGTON COUNTY

> **Failed bank** · JOHNSON CITY, TN · failed 1983-07-29 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $72M

## What happened

FIRST PEOPLES BANK OF WASHINGTON COUNTY of JOHNSON CITY, TN was closed by regulators on **1983-07-29**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST AMN NATL BANK-EAST** (KINGSPORT, TN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 802
- **FDIC Certificate:** 8429
- **FDIC FIN:** 2355
- **Bank name:** FIRST PEOPLES BANK OF WASHINGTON COUNTY
- **Location:** JOHNSON CITY, TN
- **Failure date:** 1983-07-29
- **FDIC resolution date:** 1983-07-29
- **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:** $72M
- **Deposits at failure:** $175M
- **Assets at failure:** $178M
- **Acquiring bank:** FIRST AMN NATL BANK-EAST (KINGSPORT, TN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20PEOPLES%20BANK%20OF%20WASHINGTON%20COUNTY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST PEOPLES BANK OF WASHINGTON COUNTY (FDIC ID 802), failed 1983-07-29. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/802.

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