Bank failure · TN

American Bank (Saint Joseph, TN) — failed June 27, 1984

American Bank of Saint Joseph, Tennessee was closed on June 27, 1984 and resolved through a insured deposit transfer. Commercial&industrial Ba (TN) took over its insured deposits. At failure it held $33.0M in assets and $29.8M in deposits. The FDIC's estimated loss on the failure is $13.3M (40.4% of assets).