Bank failure · TN

City & County Bk of Jefferson Ct (White Pine, TN) — failed January 20, 1984

City & County Bk of Jefferson Ct of White Pine, Tennessee was closed on January 20, 1984 and resolved through a purchase and assumption. Merchants&planters Bank (TN) took over its insured deposits. At failure it held $21.7M in assets and $22.8M in deposits. The FDIC's estimated loss on the failure is $4.5M (20.7% of assets).