First Bank of the South

Status:Inactive as of 07/01/2016
 Merger - Without Assistance
Successor Bank:First State Bank of DeKalb County
Headquarters:First Bank of the South
246 Main Street
Rainsville, AL 35986
Established:02/01/1983
FDIC Insurance:02/01/1983
FDIC Cert:#24307
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$80,969,000
Total Deposits:$73,642,000

History

1983-02-01Institution established: Original name:First National Bank of Rainsville
1988-06-01Changed name to First Rainsville Bank
1988-06-01Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION
1995-02-14Changed name to First Bank of the South
2016-07-01Merged into and subsequently operated as part of First State Bank of DeKalb County (23815) in FORT PAYNE, AL

Financial Information (2016-06-30 and Older)