Bank failure · TN

Bank of Alamo (Alamo, TN) — failed November 8, 2002

Bank of Alamo of Alamo, Tennessee was closed on November 8, 2002 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $58.5M in assets and $52.2M in deposits. The FDIC's estimated loss on the failure is $9.3M (15.9% of assets).

Closing date: November 8, 2002
FDIC certificate #: 9961
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: BIF
Pre-failure filings: Last reported financials

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