Bank failure · TN
Bankeast (Knoxville, TN) — failed January 27, 2012
Bankeast of Knoxville, Tennessee was closed on January 27, 2012 and resolved through a purchase and assumption. U.S. Bank National Association (OH) took over its insured deposits. At failure it held $261.9M in assets and $259.6M in deposits. The FDIC's estimated loss on the failure is $74.1M (28.3% of assets).
- Closing date
- January 27, 2012
- FDIC certificate #
- 19869
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- U.S. Bank National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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