FARMER'S BANK Failed 1986

TRIMBLE, TN · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FARMER'S BANK of TRIMBLE, TN was closed on 1986-07-18. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST TENNESSEE BANK NA (MEMPHIS, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1233
FDIC Certificate
8438
FDIC FIN
2579
Bank name
FARMER'S BANK
Location
TRIMBLE, TN
Failure date
1986-07-18
FDIC resolution date
1986-07-18
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$7M
Deposits at failure
$20M
Assets at failure
$21M
Acquiring bank
FIRST TENNESSEE BANK NA (MEMPHIS, TN)