First State Bank based in Barboursville

The First State Bank of Barboursville, WV – Closed by FDIC on April 3, 2020

The First State Bank, based in Barboursville, West Virginia, was closed on April 3, 2020 by the West Virginia Division of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with MVB Bank, Inc. (MVB Bank) of Fairmont, West Virginia, to assume all of the deposits of The First State Bank