Bank failure · TN

John Sevier S&la (Sevierville, TN) — failed November 16, 1984

John Sevier S&la of Sevierville, Tennessee was closed on November 16, 1984 and resolved through a a/a. Charter Fs&la (VA) took over its insured deposits. At failure it held $35.8M in assets and $34.2M in deposits. The FDIC's estimated loss on the failure is $14.9M (41.6% of assets).