CITY & COUNTY BK OF JEFFERSON CT Failed 1984

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

What happened

CITY & COUNTY BK OF JEFFERSON CT of WHITE PINE, TN was closed on 1984-01-20. The FDIC was named receiver.

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

Deposits were transferred to MERCHANTS&PLANTERS BANK (NEWPORT, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
844
FDIC Certificate
9960
FDIC FIN
2370
Bank name
CITY & COUNTY BK OF JEFFERSON CT
Location
WHITE PINE, TN
Failure date
1984-01-20
FDIC resolution date
1984-01-20
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.)
$4M
Deposits at failure
$23M
Assets at failure
$22M
Acquiring bank
MERCHANTS&PLANTERS BANK (NEWPORT, TN)