UNITED SOUTHERN BK OF NASHVILLE Failed 1983
What happened
UNITED SOUTHERN BK OF NASHVILLE of NASHVILLE, 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
- 782
- FDIC Certificate
- 21030
- FDIC FIN
- 2347
- Bank name
- UNITED SOUTHERN BK OF NASHVILLE
- Location
- NASHVILLE, TN
- Failure date
- 1983-05-27
- FDIC resolution date
- 1983-05-27
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $38M
- Deposits at failure
- $136M
- Assets at failure
- $144M
- Acquiring bank
- UNION PLANTERS NB OF MEM (MEMPHIS, TN)
Other banks UNION PLANTERS NB OF MEM acquired in FDIC resolutions