FIRST SECURITY BANK Failed 1984

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

What happened

FIRST SECURITY BANK of ERWIN, TN was closed on 1984-04-06. The FDIC was named receiver.

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

Deposits were transferred to BANK OF TENNESSEE (KINGSPORT, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
862
FDIC Certificate
20227
FDIC FIN
2379
Bank name
FIRST SECURITY BANK
Location
ERWIN, TN
Failure date
1984-04-06
FDIC resolution date
1984-04-06
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.)
$6M
Deposits at failure
$21M
Assets at failure
$22M
Acquiring bank
BANK OF TENNESSEE (KINGSPORT, TN)