ONEIDA BK & TR CO. Failed 1984
What happened
ONEIDA BK & TR CO. of ONEIDA, TN was closed on 1984-10-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ENERGY BANK (OAK RIDGE, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 928
- FDIC Certificate
- 16991
- FDIC FIN
- 2422
- Bank name
- ONEIDA BK & TR CO.
- Location
- ONEIDA, TN
- Failure date
- 1984-10-12
- FDIC resolution date
- 1984-10-12
- 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.)
- $3M
- Deposits at failure
- $5M
- Assets at failure
- $6M
- Acquiring bank
- ENERGY BANK (OAK RIDGE, TN)
Other banks ENERGY BANK acquired in FDIC resolutions