UNITED AMERICAN BANK IN HAMILTON COUNTY Failed 1983
What happened
UNITED AMERICAN BANK IN HAMILTON COUNTY of CHATTANOOGA, 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 UNION PLANTERS NB OF MEM (MEMPHIS, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 780
- FDIC Certificate
- 20332
- FDIC FIN
- 2348
- Bank name
- UNITED AMERICAN BANK IN HAMILTON COUNTY
- Location
- CHATTANOOGA, 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.)
- $19M
- Deposits at failure
- $125M
- Assets at failure
- $134M
- Acquiring bank
- UNION PLANTERS NB OF MEM (MEMPHIS, TN)
Other banks UNION PLANTERS NB OF MEM acquired in FDIC resolutions