LINCOLN FS & LA Failed 1989
What happened
LINCOLN FS & LA of MT. CARMEL, TN was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to EXECUTIVE PARK NB (KINGSPORT, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2209
- FDIC Certificate
- 31866
- FDIC FIN
- 7064
- Bank name
- LINCOLN FS & LA
- Location
- MT. CARMEL, TN
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-06-15
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $19M
- Deposits at failure
- $65M
- Assets at failure
- $72M
- Acquiring bank
- EXECUTIVE PARK NB (KINGSPORT, TN)