Bank failure · AL
The First National Bank of Jacksonville (Jacksonville, AL) — failed July 5, 1985
The First National Bank of Jacksonville of Jacksonville, Alabama was closed on July 5, 1985 and resolved through a purchase and assumption. Amsouth Bank of Jacksonv (AL) took over its insured deposits. At failure it held $43.3M in assets and $39.6M in deposits. The FDIC's estimated loss on the failure is $9.1M (21.0% of assets).
- Closing date
- July 5, 1985
- FDIC certificate #
- 14837
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Amsouth Bank of Jacksonv
- Insurance fund
- FDIC
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