Coronavirus Causes First Bank Failure, FDIC Says

Health Trackers > Insurance > Coronavirus Causes First Bank Failure, FDIC Says

Coronavirus Causes First Bank Failure, FDIC Says

The Federal Deposit Insurance Corporation (FDIC) announced yesterday that a small bank in West Virginia has failed amid the coronavirus crisis. The First State Bank of Barboursville, with four branches and $152 million in assets, was closed by the FDIC and will be acquired and reopened by another bank today.

Image via Unsplash/Michael Longmire

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