THE FARMERS BANK OF LYNCHBURG Failed 2012

LYNCHBURG, TN · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE FARMERS BANK OF LYNCHBURG of LYNCHBURG, TN was closed on 2012-06-15. The FDIC was named receiver.

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

Deposits were transferred to CLAYTON BANK AND TRUST (KNOXVILLE, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4011
FDIC Certificate
1690
FDIC FIN
10447
Bank name
THE FARMERS BANK OF LYNCHBURG
Location
LYNCHBURG, TN
Failure date
2012-06-15
FDIC resolution date
2012-06-15
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.)
$33M
Deposits at failure
$156M
Assets at failure
$164M
Acquiring bank
CLAYTON BANK AND TRUST (KNOXVILLE, TN)