Bank failure · TN

First Security Bank of Dickson (Dickson, TN) — failed September 12, 1985

First Security Bank of Dickson of Dickson, Tennessee was closed on September 12, 1985 and resolved through a purchase and assumption. Peoples Bank (TN) took over its insured deposits. At failure it held $14.8M in assets and $14.3M in deposits. The FDIC's estimated loss on the failure is $1.8M (12.4% of assets).