Bank failure · TN
Citizens Fidelity Bank (Bristol, TN) — failed February 1, 1985
Citizens Fidelity Bank of Bristol, Tennessee was closed on February 1, 1985 and resolved through a purchase and assumption. Energy Bank (TN) took over its insured deposits. At failure it held $18.2M in assets and $17.6M in deposits. The FDIC's estimated loss on the failure is $4.1M (22.3% of assets).
- Closing date
- February 1, 1985
- FDIC certificate #
- 22822
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Energy Bank
- Insurance fund
- FDIC
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