# BANKEAST

> **Failed bank** · KNOXVILLE, TN · failed 2012-01-27 · State commercial bank, Federal Reserve member · FDIC cost $74M

## What happened

BANKEAST of KNOXVILLE, TN was closed by state regulators 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
- **Estimated FDIC DIF cost:** $74M
- **Deposits at failure:** $260M
- **Assets at failure:** $262M
- **Acquiring bank:** U.S. BANK NATIONAL ASSOCIATION (CINCINNATI, OH)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANKEAST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANKEAST (FDIC ID 3987), failed 2012-01-27. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3987.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*