FIRST FSA OF WAYNESBORO Failed 1991
What happened
FIRST FSA OF WAYNESBORO of WAYNESBORO, TN was closed on 1991-02-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WAYNE COUNTY BANK (WAYNESBORO, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3013
- FDIC Certificate
- 29585
- FDIC FIN
- 7383
- Bank name
- FIRST FSA OF WAYNESBORO
- Location
- WAYNESBORO, TN
- Failure date
- 1991-02-08
- FDIC resolution date
- 1991-08-09
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $18M
- Assets at failure
- $18M
- Acquiring bank
- WAYNE COUNTY BANK (WAYNESBORO, TN)