# TENNESSEE FEDERAL SAVINGS BANK

> **Failed bank** · COOKEVILLE, TN · failed 1990-08-03 · SL · FDIC cost $11M

## What happened

TENNESSEE FEDERAL SAVINGS BANK of COOKEVILLE, TN was closed by state regulators 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
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $36M
- **Assets at failure:** $40M
- **Acquiring bank:** PEOPLES B&T OF CUMBERLANDS (COOKEVILLE, TN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=TENNESSEE%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TENNESSEE FEDERAL SAVINGS BANK (FDIC ID 2866), failed 1990-08-03. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2866.

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