Bank failure · TN

Coalmont Savings Bank (Coalmont, TN) — failed July 24, 1984

Coalmont Savings Bank of Coalmont, Tennessee was closed on July 24, 1984 and resolved through a purchase and assumption. First Bank of Marion Cou (TN) took over its insured deposits. At failure it held $25.7M in assets and $24.0M in deposits. The FDIC's estimated loss on the failure is $7.8M (30.3% of assets).