TENNESSEE FEDERAL SAVINGS BANK Failed 1990
What happened
TENNESSEE FEDERAL SAVINGS BANK of COOKEVILLE, TN was closed on 1990-08-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PEOPLES B&T OF CUMBERLANDS (COOKEVILLE, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2866
- FDIC Certificate
- 31851
- FDIC FIN
- 7304
- Bank name
- TENNESSEE FEDERAL SAVINGS BANK
- Location
- COOKEVILLE, TN
- Failure date
- 1990-08-03
- FDIC resolution date
- 1991-05-31
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $36M
- Assets at failure
- $40M
- Acquiring bank
- PEOPLES B&T OF CUMBERLANDS (COOKEVILLE, TN)