Bank failure · TN

East Tennessee (Knoxville, TN) — failed November 16, 1984

East Tennessee of Knoxville, Tennessee was closed on November 16, 1984 and resolved through a a/a. Charter Fs&la (VA) took over its insured deposits. At failure it held $21.9M in assets and $15.0M in deposits. The FDIC's estimated loss on the failure is $5.1M (23.4% of assets).