CITY & COUNTY BK OF KNOX COUNTY Failed 1983

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

What happened

CITY & COUNTY BK OF KNOX COUNTY of KNOXVILLE, 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 KNOXVILLE (KNOXVILLE, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
781
FDIC Certificate
20494
FDIC FIN
2346
Bank name
CITY & COUNTY BK OF KNOX COUNTY
Location
KNOXVILLE, 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.)
$114M
Deposits at failure
$250M
Assets at failure
$262M
Acquiring bank
BANK OF KNOXVILLE (KNOXVILLE, TN)