Bank failure · TN
City & County Bk of Anderson Cty (Lake City, TN) — failed May 27, 1983
City & County Bk of Anderson Cty of Lake City, Tennessee was closed on May 27, 1983 and resolved through a purchase and assumption. Third Nb in Anderson Cou (TN) took over its insured deposits. At failure it held $142.9M in assets and $133.9M in deposits. The FDIC's estimated loss on the failure is $59.4M (41.6% of assets).
- Closing date
- May 27, 1983
- FDIC certificate #
- 4925
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Third Nb in Anderson Cou
- Insurance fund
- FDIC
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