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Failures by State

Bank Failures in West Virginia

15 FDIC-insured banks headquartered in West Virginia have failed since 1937. The most recent was The First State Bank on April 3, 2020. The worst year was 1991, with 2 failures. Failed banks held $1.75B in assets at closing.

15
Failures
1937 to 2020
$1.75B
Failed assets
At closing
$639.2M
Estimated DIF loss
FDIC estimate
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All West Virginia events
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Largest bank failures in West Virginia

Date Bank City Assets Acquirer or resolution
Sep 1, 1999 First NB of Keystone Keystone $1.12B Ameribank, Incorporated
Apr 3, 2020 The First State Bank Barboursville $151.8M MVB Bank, Inc
Sep 19, 2008 Ameribank, Inc. Northfork $104.0M The Citizens Savings Bank
May 8, 1992 Shenandoah FSA Martinsburg $94.2M Blue Ridge Bank
Feb 23, 1990 First Standard FED. Savings Assoc. Fairmont $77.6M Community B&T, N.A.
Apr 5, 1991 The Blueville Bank of Grafton Grafton $48.1M The Empire National Bank of
Sep 13, 1991 Evergreen FS & La Charleston $40.3M Merchants NB of Montgomery
Feb 23, 1990 First Federal SAV. ASSOC./BLUEFIELD Bluefield $39.3M First FSB
Nov 5, 1982 The First National Bank of South Charlesto South Charleston $28.6M Charleston National Bank
Sep 12, 1980 The Metro BK of Huntington, Inc. Huntington $27.0M Heritage National Bank

West Virginia bank failures by year

Year Failures Failed assets
2020 1 $151.8M
2008 1 $104.0M
1999 1 $1.12B
1992 1 $94.2M
1991 2 $88.4M
1990 2 $116.8M
1989 1 $4.0M
1984 1 $15.4M
1982 1 $28.6M
1980 1 $27.0M
1939 1 $461K
1938 1 $120K
1937 1 $1.3M

Every bank failure in West Virginia

Date Bank City Assets Acquirer or resolution
Apr 3, 2020 The First State Bank Barboursville $151.8M MVB Bank, Inc
Sep 19, 2008 Ameribank, Inc. Northfork $104.0M The Citizens Savings Bank
Sep 1, 1999 First NB of Keystone Keystone $1.12B Ameribank, Incorporated
May 8, 1992 Shenandoah FSA Martinsburg $94.2M Blue Ridge Bank
Sep 13, 1991 Evergreen FS & La Charleston $40.3M Merchants NB of Montgomery
Apr 5, 1991 The Blueville Bank of Grafton Grafton $48.1M The Empire National Bank of
Feb 23, 1990 First Standard FED. Savings Assoc. Fairmont $77.6M Community B&T, N.A.
Feb 23, 1990 First Federal SAV. ASSOC./BLUEFIELD Bluefield $39.3M First FSB
May 12, 1989 Lewis County Savings and Loan Co Weston $4.0M Community Bank & Trust, Nat
Feb 3, 1984 The Tucker County Bank Parsons $15.4M Citizens NB of Elkins
Nov 5, 1982 The First National Bank of South Charlesto South Charleston $28.6M Charleston National Bank
Sep 12, 1980 The Metro BK of Huntington, Inc. Huntington $27.0M Heritage National Bank
Mar 7, 1939 The Point Pleasant National Bank Point Pleasant $461K —
Nov 1, 1938 Kermit State Bank Kermit $120K —
Aug 31, 1937 Farmers Bank & Trust Company Charles Town $1.3M —

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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