CITY & COUNTY BK OF ANDERSON CTY Failed 1983

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

What happened

CITY & COUNTY BK OF ANDERSON CTY of LAKE CITY, 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 THIRD NB IN ANDERSON COU (LAKE CITY, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
779
FDIC Certificate
4925
FDIC FIN
2350
Bank name
CITY & COUNTY BK OF ANDERSON CTY
Location
LAKE CITY, 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.)
$59M
Deposits at failure
$134M
Assets at failure
$143M
Acquiring bank
THIRD NB IN ANDERSON COU (LAKE CITY, TN)