Bank failure · TN
First Valley S&la (Pikeville, TN) — failed February 24, 1989
First Valley S&la of Pikeville, Tennessee was closed on February 24, 1989 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $11.9M in assets and $12.9M in deposits. The FDIC's estimated loss on the failure is $5.1M (42.6% of assets).
- Closing date
- February 24, 1989
- FDIC certificate #
- 31886
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FSLIC
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