# FIRST SECURITY BANK

> **Failed bank** · ERWIN, TN · failed 1984-04-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $6M

## What happened

FIRST SECURITY BANK of ERWIN, TN was closed by regulators 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
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $21M
- **Assets at failure:** $22M
- **Acquiring bank:** BANK OF TENNESSEE (KINGSPORT, TN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SECURITY BANK (FDIC ID 862), failed 1984-04-06. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/862.

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