CITIZENS BK OF MONROE COUNTY Failed 1984
What happened
CITIZENS BK OF MONROE COUNTY of TELICO PLAINS, TN was closed on 1984-04-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF OAK RIDGE (OAK RIDGE, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 868
- FDIC Certificate
- 1472
- FDIC FIN
- 2382
- Bank name
- CITIZENS BK OF MONROE COUNTY
- Location
- TELICO PLAINS, TN
- Failure date
- 1984-04-27
- FDIC resolution date
- 1984-04-27
- 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
- $21M
- Assets at failure
- $21M
- Acquiring bank
- BANK OF OAK RIDGE (OAK RIDGE, TN)
Other banks BANK OF OAK RIDGE acquired in FDIC resolutions