UNITED SOUTHERN BANK OF CLARKSVILLE Failed 1983

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

What happened

UNITED SOUTHERN BANK OF CLARKSVILLE of CLARKSVILLE, TN was closed on 1983-08-26. The FDIC was named receiver.

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

Deposits were transferred to FIRST AMERICAN NB NASHVI (NASHVILLE, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
811
FDIC Certificate
22577
FDIC FIN
2359
Bank name
UNITED SOUTHERN BANK OF CLARKSVILLE
Location
CLARKSVILLE, TN
Failure date
1983-08-26
FDIC resolution date
1983-08-26
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.)
$6M
Deposits at failure
$11M
Assets at failure
$10M
Acquiring bank
FIRST AMERICAN NB NASHVI (NASHVILLE, TN)