# WATAUGA VALLEY BANK

> **Failed bank** · ELIZABETHTON, TN · failed 1984-04-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

WATAUGA VALLEY BANK of ELIZABETHTON, TN was closed by regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $15M
- **Assets at failure:** $15M
- **Acquiring bank:** CARTER CNTY BK ELIZABETH (ELIZABETHTON, TN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WATAUGA%20VALLEY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WATAUGA VALLEY BANK (FDIC ID 863), failed 1984-04-06. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/863.

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