FARMERS BK & TR CO. Failed 1984

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

What happened

FARMERS BK & TR CO. of WINCHESTER, TN was closed on 1984-01-06. The FDIC was named receiver.

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

Deposits were transferred to MID-SOUTH BANK&TRUST CO (MURFREESBORO, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
843
FDIC Certificate
4971
FDIC FIN
2369
Bank name
FARMERS BK & TR CO.
Location
WINCHESTER, TN
Failure date
1984-01-06
FDIC resolution date
1984-01-06
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.)
$8M
Deposits at failure
$48M
Assets at failure
$49M
Acquiring bank
MID-SOUTH BANK&TRUST CO (MURFREESBORO, TN)