BANKEAST Failed 2012
What happened
BANKEAST of KNOXVILLE, TN was closed on 2012-01-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to U.S. BANK NATIONAL ASSOCIATION (CINCINNATI, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3987
- FDIC Certificate
- 19869
- FDIC FIN
- 10420
- Bank name
- BANKEAST
- Location
- KNOXVILLE, TN
- Failure date
- 2012-01-27
- FDIC resolution date
- 2012-01-27
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $74M
- Deposits at failure
- $260M
- Assets at failure
- $262M
- Acquiring bank
- U.S. BANK NATIONAL ASSOCIATION (CINCINNATI, OH)