Bank failure · TN
City & County Bk of Roane Cty (Kingston, TN) — failed May 27, 1983
City & County Bk of Roane Cty of Kingston, Tennessee was closed on May 27, 1983 and resolved through a purchase and assumption. Bank of Oak Ridge (TN) took over its insured deposits. At failure it held $42.2M in assets and $40.4M in deposits. The FDIC's estimated loss on the failure is $13.1M (30.9% of assets).
- Closing date
- May 27, 1983
- FDIC certificate #
- 1473
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Oak Ridge
- Insurance fund
- FDIC
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