Bank failure · TN

Citizens Bk of Monroe County (Telico Plains, TN) — failed April 27, 1984

Citizens Bk of Monroe County of Telico Plains, Tennessee was closed on April 27, 1984 and resolved through a purchase and assumption. Bank of Oak Ridge (TN) took over its insured deposits. At failure it held $21.1M in assets and $20.6M in deposits. The FDIC's estimated loss on the failure is $6.4M (30.3% of assets).