Bank failure · TN
City & County Bk of Knox County (Knoxville, TN) — failed May 27, 1983
City & County Bk of Knox County of Knoxville, Tennessee was closed on May 27, 1983 and resolved through a purchase and assumption. Bank of Knoxville (TN) took over its insured deposits. At failure it held $262.5M in assets and $250.0M in deposits. The FDIC's estimated loss on the failure is $114.4M (43.6% of assets).
- Closing date
- May 27, 1983
- FDIC certificate #
- 20494
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Knoxville
- Insurance fund
- FDIC
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