Data / Bank failures / 1985 / The First National Bank of Jacksonville
The First National Bank of Jacksonville, Jacksonville, AL: failed July 5, 1985
The First National Bank of Jacksonville in Jacksonville, Alabama, failed on July 5, 1985. Amsouth Bank of Jacksonv of Jacksonville, AL, took over its deposits. It held $43.3 million in assets and $39.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9.1 million (21% of its assets). By assets it was the 72nd largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- July 5, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Amsouth Bank of Jacksonv, Jacksonville, AL
- Total assets
- $43,290,000
- Total deposits
- $39,643,000
- Estimated cost to the FDIC
- $9,085,749 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 14837
Other bank failures in Alabama, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Gulf FS&LA (assistance) | Mobile | November 12, 1987 | $6.1 million | $6.5 million | $1.3 million | Gulf Federal Bank A FSB |
| Phenix FS&LA | Phenix City | September 18, 1987 | $225.5 million | $235.5 million | ||
| The Peoples Bank | Collinsville | April 22, 1987 | $11.9 million | $11.9 million | $934,187 | Bank of Geraldine |
| First State Bank of Atmore | Atmore | February 19, 1987 | $12.4 million | $12.4 million | First NB of Atmore | |
| Rainsville Bank | Rainsville | May 9, 1986 | $17.5 million | $16.1 million | $565,811 | Jacobs Bank |
| The Commercial Bank (assistance) | Andalusia | August 16, 1985 | $77.8 million | $76.4 million | The Commercial Bank | |
| Cherokee County Bank | Centre | June 5, 1984 | $39.4 million | $37.6 million | $7.1 million | First Albank of Anniston |
| First FS&LA of Monroeville (assistance) | Monroeville | December 30, 1983 | $29.8 million | $29.8 million | $2.5 million | Jefferson FS&LA |
All bank failures in 1985 · All bank failures in Alabama · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.