The Graveyard › Banks › 1983
The First Central Bank
Smithville, TN · failed July 8, 1983 · FDIC certificate 4963
The First Central Bank of Smithville, TN failed on July 8, 1983. It opened on March 15, 1927, 56 years before. At its last report before that it held $18.9 million in assets and $17.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $5.5 million on it.
Assets at the end$18.9 millionlast report before July 8, 1983
Deposits at the end$17.9 million
Estimated loss to the fund$5.5 millionFDIC
Also ended in 1983
- Dry Dock Savings Bank · New York · $2.5 billion in assets · assisted
- Suburban S&LA · Wayne · $2.0 billion in assets · assisted
- Biscayne Fs&La · Miami · $1.9 billion in assets · assisted
- The First National Bank of Midland · Midland, TX · $1.4 billion in assets
- United American Bank in Knoxville · Knoxville · $760.5 million in assets · assisted
- Carondelet S&LA Also Case 115 · St. Louis · $740.6 million in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.