Bank failure · TN
First National Bank of Jackson (Jackson, TN) — failed October 25, 1990
First National Bank of Jackson of Jackson, Tennessee was closed on October 25, 1990 and resolved through a purchase and assumption. First Tennessee Bank, Natio (TN) took over its insured deposits. At failure it held $73.7M in assets and $69.9M in deposits. The FDIC's estimated loss on the failure is $5.2M (7.0% of assets).
- Closing date
- October 25, 1990
- FDIC certificate #
- 4976
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Tennessee Bank, Natio
- Insurance fund
- BIF
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