COMMUNITY SOUTH BANK Failed 2013

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

What happened

COMMUNITY SOUTH BANK of PARSONS, TN was closed on 2013-08-23. The FDIC was named receiver.

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

Deposits were transferred to CB&S BANK, INC. (RUSSELLVILLE, AL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4052
FDIC Certificate
19849
FDIC FIN
10486
Bank name
COMMUNITY SOUTH BANK
Location
PARSONS, TN
Failure date
2013-08-23
FDIC resolution date
2013-08-23
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.)
$130M
Deposits at failure
$378M
Assets at failure
$387M
Acquiring bank
CB&S BANK, INC. (RUSSELLVILLE, AL)