Bank failure · TN
Investors Savings Bank (Nashville, TN) — failed March 9, 1990
Investors Savings Bank of Nashville, Tennessee was closed on March 9, 1990 and resolved through a purchase and assumption. Amsouth Bank of Tn (TN) took over its insured deposits. At failure it held $81.1M in assets and $65.8M in deposits. The FDIC's estimated loss on the failure is $16.1M (19.8% of assets).
- Closing date
- March 9, 1990
- FDIC certificate #
- 31873
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Amsouth Bank of Tn
- Insurance fund
- RTC
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