The First Bank Falls…

A small bank in West Virginia has become the first institution to fail during the coronavirus crisis, the Federal Deposit Insurance Corp. announced Friday. The First State Bank of Barboursville with $152 million in total assets was closed Friday by the West Virginia Division of Financial Institutions. The bank’s $139.5 million in deposits will be acquired by MVB Bank Inc. of Fairmont, W.Va. The four branches of The First State Bank will reopen as branches of MVB Bank on Saturday, the FDIC said.

Credit: https://www.marketwatch.com/story/fdic-announces-first-bank-failure-of-coronavirus-crisis-2020-04-03?link=MW_latest_news

The The First State Bank location of The First State Bank was established Sep 1, 1905 (114 years and 7 months ago). They are one of 4 branch locations operated by The First State Bank. For ATM locations, drive-thru hours, deposit info, and more information consider visiting their online banking site at: www.fsb-wv.com

Credit: https://www.wheresmybank.com/branch-8975-the-first-state-bank-the-first-state-bank

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