CITY & COUNTY BK OF ROANE CTY Failed 1983
What happened
CITY & COUNTY BK OF ROANE CTY of KINGSTON, TN was closed on 1983-05-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF OAK RIDGE (OAK RIDGE, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 778
- FDIC Certificate
- 1473
- FDIC FIN
- 2349
- Bank name
- CITY & COUNTY BK OF ROANE CTY
- Location
- KINGSTON, TN
- Failure date
- 1983-05-27
- FDIC resolution date
- 1983-05-27
- 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.)
- $13M
- Deposits at failure
- $40M
- Assets at failure
- $42M
- Acquiring bank
- BANK OF OAK RIDGE (OAK RIDGE, TN)
Other banks BANK OF OAK RIDGE acquired in FDIC resolutions