METROPOLITAN FS & LA Failed 1991

NASHVILLE, TN · Savings bank · view on FDIC BankFind ↗

What happened

METROPOLITAN FS & LA of NASHVILLE, TN was closed on 1991-04-19. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to UNION PLANTERS NB (MEMPHIS, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3070
FDIC Certificate
30392
FDIC FIN
2203
Bank name
METROPOLITAN FS & LA
Location
NASHVILLE, TN
Failure date
1991-04-19
FDIC resolution date
1992-03-27
Charter type
Savings bank
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$112M
Deposits at failure
$812M
Assets at failure
$985M
Acquiring bank
UNION PLANTERS NB (MEMPHIS, TN)