CITY & COUNTY BK OF CAMPBELL CTY Failed 1980

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

What happened

CITY & COUNTY BK OF CAMPBELL CTY of JELLICO, TN was closed on 1980-06-28. The FDIC was named receiver.

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

Deposits were transferred to CITY&COUNTY BK ANDERSON (LAKE CITY, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
574
FDIC Certificate
4939
FDIC FIN
2282
Bank name
CITY & COUNTY BK OF CAMPBELL CTY
Location
JELLICO, TN
Failure date
1980-06-28
FDIC resolution date
1980-06-28
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.)
$8M
Deposits at failure
$36M
Assets at failure
$40M
Acquiring bank
CITY&COUNTY BK ANDERSON (LAKE CITY, TN)