FIRST COMMERCE BK OF HAWKINS CTY Failed 1983

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

What happened

FIRST COMMERCE BK OF HAWKINS CTY of ROGERSVILLE, TN was closed on 1983-08-12. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to HAMILTON BANK OF JOHNSON (JOHNSON CITY, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
809
FDIC Certificate
17815
FDIC FIN
2358
Bank name
FIRST COMMERCE BK OF HAWKINS CTY
Location
ROGERSVILLE, TN
Failure date
1983-08-12
FDIC resolution date
1983-08-12
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.)
$17M
Deposits at failure
$45M
Assets at failure
$43M
Acquiring bank
HAMILTON BANK OF JOHNSON (JOHNSON CITY, TN)