Bank failure · TN

First Fsa of Waynesboro (Waynesboro, TN) — failed February 8, 1991

First Fsa of Waynesboro of Waynesboro, Tennessee was closed on February 8, 1991 and resolved through a purchase and assumption. Wayne County Bank (TN) took over its insured deposits. At failure it held $18.2M in assets and $18.1M in deposits. The FDIC's estimated loss on the failure is $2.1M (11.7% of assets).