CENTURY FEDERAL SAVINGS BANK Failed 1989
What happened
CENTURY FEDERAL SAVINGS BANK of TRENTON, TN was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY BANK (NEWBERN, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2187
- FDIC Certificate
- 29718
- FDIC FIN
- 7063
- Bank name
- CENTURY FEDERAL SAVINGS BANK
- Location
- TRENTON, TN
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-06-15
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $75M
- Assets at failure
- $74M
- Acquiring bank
- SECURITY BANK (NEWBERN, TN)
Other banks SECURITY BANK acquired in FDIC resolutions