Bank failure · TN
First Peoples Bank of Washington County (Johnson City, TN) — failed July 29, 1983
First Peoples Bank of Washington County of Johnson City, Tennessee was closed on July 29, 1983 and resolved through a purchase and assumption. First Amn Natl Bank-East (TN) took over its insured deposits. At failure it held $177.8M in assets and $175.0M in deposits. The FDIC's estimated loss on the failure is $72.5M (40.8% of assets).
- Closing date
- July 29, 1983
- FDIC certificate #
- 8429
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Amn Natl Bank-East
- Insurance fund
- FDIC
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