Bank of Ferrum - Ferrum Bank, Virginia 24088

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Bank of Ferrum
1 Main Street
Ferrum, Virginia 24088
Bank Web Address:

Active: No
FDIC Certificate #: 6843
Bank of Ferrum Established Date: 4/1/1917
Insurance Fund Membership: Bank Insurance Fund (BIF)
Secondary Insurance Fund:
Structural event relating to an institution: Merger - Without Assistance
Bank Charter Class: SM - commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB).

Information about Bank of Ferrum as of 9/6/2007 (VA Bank):

• Franklin, Virginia
• Institution is currently closed but were once insured by the FDIC.
• Bank of Ferrum is NOT being operated in government conservatorship.
• Includes commercial banks insured by the FDIC. These institutions are regulated by one of the three Federal commercial bank regulators (FDIC, Federal Reserve Board, or Office of the Comptroller of the Currency). They submit financial reports to the Federal Reserve (state member banks) or the FDIC (state non-member banks and national banks).
• Member of the Bank Insurance Fund. As of April 1, 2006 BIF was merged together with the Savings Institution Insurance Fund (SAIF) to create a single Deposit Insurance Fund (DIF). All FDIC insured BIF member institutions, that are still active or open, are now insured members of DIF.
• Includes institutions insured by the FDIC.
• Bank of Ferrum is state chartered.
• Regulator: FED
• Bank Holding Company Type: Richmond
• Metropolitan Statistical Area (MSA):
• FDIC Supervisory Region: Atlanta
• Office of Thrift Supervision Region: Southeast
• Federal Reserve District: Atlanta
• Regulatory holding company state location:
• Bank Holding Company (Regulatory Top Holder):

Office: 5 Bank of Ferrum Branch/Bank Locations

_{*Data by FDIC}