Bank failure · TN

American S&la (Knoxville, TN) — failed November 16, 1984

American S&la of Knoxville, Tennessee was closed on November 16, 1984 and resolved through a a/a. Charter Fs&la (VA) took over its insured deposits. At failure it held $64.8M in assets and $59.7M in deposits. The FDIC's estimated loss on the failure is $9.9M (15.2% of assets).