TENNESSEE COMMERCE BANK Failed 2012
What happened
TENNESSEE COMMERCE BANK of FRANKLIN, 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 REPUBLIC BANK & TRUST COMPANY (LOUISVILLE, KY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3989
- FDIC Certificate
- 35296
- FDIC FIN
- 10423
- Bank name
- TENNESSEE COMMERCE BANK
- Location
- FRANKLIN, TN
- Failure date
- 2012-01-27
- FDIC resolution date
- 2012-01-27
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $352M
- Deposits at failure
- $1,038M
- Assets at failure
- $1,009M
- Acquiring bank
- REPUBLIC BANK & TRUST COMPANY (LOUISVILLE, KY)
Other banks REPUBLIC BANK & TRUST COMPANY acquired in FDIC resolutions