Bank failure · TN
Farmer'S Bank (Trimble, TN) — failed July 18, 1986
Farmer'S Bank of Trimble, Tennessee was closed on July 18, 1986 and resolved through a purchase and assumption. First Tennessee Bank NA (TN) took over its insured deposits. At failure it held $21.4M in assets and $20.2M in deposits. The FDIC's estimated loss on the failure is $7.4M (34.4% of assets).
- Closing date
- July 18, 1986
- FDIC certificate #
- 8438
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Tennessee Bank NA
- Insurance fund
- FDIC
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