CITIZENS FIDELITY BANK Failed 1985
What happened
CITIZENS FIDELITY BANK of BRISTOL, TN was closed on 1985-02-01. 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
- 957
- FDIC Certificate
- 22822
- FDIC FIN
- 2440
- Bank name
- CITIZENS FIDELITY BANK
- Location
- BRISTOL, TN
- Failure date
- 1985-02-01
- FDIC resolution date
- 1985-02-01
- 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.)
- $4M
- Deposits at failure
- $18M
- Assets at failure
- $18M
- Acquiring bank
- ENERGY BANK (OAK RIDGE, TN)
Other banks ENERGY BANK acquired in FDIC resolutions