# CITY & COUNTY BK OF ANDERSON CTY

> **Failed bank** · LAKE CITY, TN · failed 1983-05-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $59M

## What happened

CITY & COUNTY BK OF ANDERSON CTY of LAKE CITY, TN was closed by regulators 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
- **Estimated FDIC DIF cost:** $59M
- **Deposits at failure:** $134M
- **Assets at failure:** $143M
- **Acquiring bank:** THIRD NB IN ANDERSON COU (LAKE CITY, TN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CITY%20%26%20COUNTY%20BK%20OF%20ANDERSON%20CTY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITY & COUNTY BK OF ANDERSON CTY (FDIC ID 779), failed 1983-05-27. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/779.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*