# SAVANNAH FS&LA

> **Failed bank** · SAVANNAH, TN · failed 1984-11-16 · SL · FDIC cost $10M

## What happened

SAVANNAH FS&LA of SAVANNAH, TN was closed by state regulators on **1984-11-16**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **CHARTER FS&LA** (BRISTOL, VA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 938
- **FDIC Certificate:** 31883
- **FDIC FIN:** 0
- **Bank name:** SAVANNAH FS&LA
- **Location:** SAVANNAH, TN
- **Failure date:** 1984-11-16
- **FDIC resolution date:** 1985-03-29
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $15M
- **Assets at failure:** $19M
- **Acquiring bank:** CHARTER FS&LA (BRISTOL, VA)

## Other banks CHARTER FS&LA has acquired in FDIC resolutions

- EAST TENNESSEE (KNOXVILLE, TN) — failed 1984-11-16 — /failed-bank/939
- JOHN SEVIER S&LA (SEVIERVILLE, TN) — failed 1984-11-16 — /failed-bank/937
- AMERICAN S&LA (KNOXVILLE, TN) — failed 1984-11-16 — /failed-bank/936
- KNOX FS&LA (KNOXVILLE, TN) — failed 1984-11-16 — /failed-bank/935

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SAVANNAH%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SAVANNAH FS&LA (FDIC ID 938), failed 1984-11-16. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/938.

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