Bank failure · WV

The First National Bank of South Charlesto (South Charleston, WV) — failed November 5, 1982

The First National Bank of South Charlesto of South Charleston, West Virginia was closed on November 5, 1982 and resolved through a purchase and assumption. Charleston National Bank (WV) took over its insured deposits. At failure it held $28.6M in assets and $27.7M in deposits. The FDIC's estimated loss on the failure is $4.6M (16.1% of assets).