Data / Bank failures / 1982 / The First National Bank of South Charlesto
The First National Bank of South Charlesto, South Charleston, WV: failed November 5, 1982
The First National Bank of South Charlesto in South Charleston, West Virginia, failed on November 5, 1982. Charleston National Bank of Charleston, WV, took over its deposits. It held $28.6 million in assets and $27.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.6 million (16.1% of its assets). By assets it was the 79th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- November 5, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Charleston National Bank, Charleston, WV
- Total assets
- $28,629,000
- Total deposits
- $27,711,000
- Estimated cost to the FDIC
- $4,622,254 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 6799
Other bank failures in West Virginia, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Tucker County Bank | Parsons | February 3, 1984 | $15.4 million | $14.8 million | $2.6 million | Citizens NB of Elkins |
| The Metro BK of Huntington, Inc. | Huntington | September 12, 1980 | $27 million | $23.9 million | $2.3 million | Heritage National Bank |
All bank failures in 1982 · All bank failures in West Virginia · 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.