BANK OF COMMERCE Failed 1986

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

What happened

BANK OF COMMERCE of MORRISTOWN, TN was closed on 1986-11-26. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to BANKOF EAST TENNESSEE (MORRISTOWN, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1314
FDIC Certificate
15409
FDIC FIN
1931
Bank name
BANK OF COMMERCE
Location
MORRISTOWN, TN
Failure date
1986-11-26
FDIC resolution date
1986-11-26
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
A/A
FDIC DIF cost (est.)
$11M
Deposits at failure
$65M
Assets at failure
$67M
Acquiring bank
BANKOF EAST TENNESSEE (MORRISTOWN, TN)