Bank failure · TN
Bank of Commerce (Morristown, TN) — failed November 26, 1986
Bank of Commerce of Morristown, Tennessee was closed on November 26, 1986 and resolved through a a/a. Bankof East Tennessee (TN) took over its insured deposits. At failure it held $66.6M in assets and $64.7M in deposits. The FDIC's estimated loss on the failure is $11.3M (17.0% of assets).
- Closing date
- November 26, 1986
- FDIC certificate #
- 15409
- Resolution
- A/A (assistance)
- Acquiring institution
- Bankof East Tennessee
- Insurance fund
- FDIC
- Pre-failure filings
- Last reported financials
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