Bank failure · TN

Cherokee Valley Fsa (Cleveland, TN) — failed June 12, 1992

Cherokee Valley Fsa of Cleveland, Tennessee was closed on June 12, 1992 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $142.5M in assets and $124.4M in deposits. The FDIC's estimated loss on the failure is $347 (0.0% of assets).