INVESTORS SAVINGS BANK Failed 1990
What happened
INVESTORS SAVINGS BANK of NASHVILLE, TN was closed on 1990-03-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMSOUTH BANK OF TN (NASHVILLE, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2696
- FDIC Certificate
- 31873
- FDIC FIN
- 7314
- Bank name
- INVESTORS SAVINGS BANK
- Location
- NASHVILLE, TN
- Failure date
- 1990-03-09
- FDIC resolution date
- 1991-06-07
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $66M
- Assets at failure
- $81M
- Acquiring bank
- AMSOUTH BANK OF TN (NASHVILLE, TN)