WATAUGA VALLEY BANK Failed 1984

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

What happened

WATAUGA VALLEY BANK of ELIZABETHTON, TN was closed on 1984-04-06. The FDIC was named receiver.

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

Deposits were transferred to CARTER CNTY BK ELIZABETH (ELIZABETHTON, TN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
863
FDIC Certificate
22210
FDIC FIN
2380
Bank name
WATAUGA VALLEY BANK
Location
ELIZABETHTON, TN
Failure date
1984-04-06
FDIC resolution date
1984-04-06
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.)
$5M
Deposits at failure
$15M
Assets at failure
$15M
Acquiring bank
CARTER CNTY BK ELIZABETH (ELIZABETHTON, TN)