GERMANTOWN TRUST SAVINGS Failed 1989
What happened
GERMANTOWN TRUST SAVINGS of GERMANTOWN, 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 NB OF COMMERCE (MEMPHIS, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2210
- FDIC Certificate
- 31879
- FDIC FIN
- 7009
- Bank name
- GERMANTOWN TRUST SAVINGS
- Location
- GERMANTOWN, TN
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-05-18
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $38M
- Deposits at failure
- $106M
- Assets at failure
- $136M
- Acquiring bank
- NB OF COMMERCE (MEMPHIS, TN)