Bank failure · TN

Community South Bank (Parsons, TN) — failed August 23, 2013

Community South Bank of Parsons, Tennessee was closed on August 23, 2013 and resolved through a purchase and assumption. Cb&s Bank, Inc. (AL) took over its insured deposits. At failure it held $386.9M in assets and $377.7M in deposits. The FDIC's estimated loss on the failure is $129.7M (33.5% of assets).