Bank failure · WV

First Nb of Keystone (Keystone, WV) — failed September 1, 1999

First Nb of Keystone of Keystone, West Virginia was closed on September 1, 1999 and resolved through a purchase and assumption (insured deposits). Ameribank, Incorporated (WV) took over its insured deposits. At failure it held $1.1B in assets and $880.9M in deposits. The FDIC's estimated loss on the failure is $532.2M (47.5% of assets).