First Security Bank was a state nonmember bank in Erwin, TN. It failed on Apr 6, 1984, and Bank Of Tennessee took over its deposits. At its last report it held $22.5 million in assets.
Updated Oct 11, 2026
This bank failed
- Failed on
- Apr 6, 1984
- Assets
- $22.5M
- Deposits
- $21.3M
- Estimated cost
- $6.5M
- Deposits went to
- Bank Of Tennessee, Kingsport, TN
Data is being prepared
The quarterly numbers of this bank appear here as soon as their first load is finished.
Facts
- Type
- State nonmember bank
- Head office
- 229 South Main Street, Erwin, TN, 37650
- County
- Unicoi
- Established
- Aug 3, 1970
- Failed
- Apr 6, 1984
- Id
- b20227
Related pages
Questions and answers
When did First Security Bank fail?
Apr 6, 1984. Bank Of Tennessee of Kingsport, TN took over its deposits. The estimated cost of the failure was $6.50 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.