Bank failure · WV

The First State Bank (Barboursville, WV) — failed April 3, 2020

The First State Bank of Barboursville, West Virginia was closed on April 3, 2020 and resolved through a purchase and assumption. Mvb Bank, Inc (WV) took over its insured deposits. At failure it held $151.8M in assets and $143.1M in deposits. The FDIC's estimated loss on the failure is $43.7M (28.8% of assets).