Bank failure · TN
First Commerce Bk of Hawkins Cty (Rogersville, TN) — failed August 12, 1983
First Commerce Bk of Hawkins Cty of Rogersville, Tennessee was closed on August 12, 1983 and resolved through a purchase and assumption. Hamilton Bank of Johnson (TN) took over its insured deposits. At failure it held $43.1M in assets and $44.9M in deposits. The FDIC's estimated loss on the failure is $16.8M (39.0% of assets).
- Closing date
- August 12, 1983
- FDIC certificate #
- 17815
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hamilton Bank of Johnson
- Insurance fund
- FDIC
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