Bank failure · TN
George Washington Fsa (Jonesborough, TN) — failed February 1, 1991
George Washington Fsa of Jonesborough, Tennessee was closed on February 1, 1991 and resolved through a purchase and assumption. Home Fs&la of Upper E. Tn (TN) took over its insured deposits. At failure it held $14.6M in assets and $13.3M in deposits. The FDIC's estimated loss on the failure is $1.3M (8.9% of assets).
- Closing date
- February 1, 1991
- FDIC certificate #
- 31859
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Home Fs&la of Upper E. Tn
- Insurance fund
- RTC
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