Bank failure · TN
Century Federal Savings Bank (Trenton, TN) — failed March 9, 1989
Century Federal Savings Bank of Trenton, Tennessee was closed on March 9, 1989 and resolved through a purchase and assumption. Security Bank (TN) took over its insured deposits. At failure it held $73.9M in assets and $75.1M in deposits. The FDIC's estimated loss on the failure is $15.3M (20.7% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 29718
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Security Bank
- Insurance fund
- RTC
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