Bank failure · TN

Frontier Federal Savings Bank (Dyersburg, TN) — failed June 6, 1988

Frontier Federal Savings Bank of Dyersburg, Tennessee was closed on June 6, 1988 and resolved through a a/a. Security First FSB (TN) took over its insured deposits. At failure it held $43.7M in assets and $42.5M in deposits. The FDIC's estimated loss on the failure is $11.0M (25.1% of assets).