Bank failure · TN
Lincoln Fs & LA (Mt. Carmel, TN) — failed March 9, 1989
Lincoln Fs & LA of Mt. Carmel, Tennessee was closed on March 9, 1989 and resolved through a insured deposit transfer. Executive Park Nb (TN) took over its insured deposits. At failure it held $72.2M in assets and $64.9M in deposits. The FDIC's estimated loss on the failure is $19.2M (26.5% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31866
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Executive Park Nb
- Insurance fund
- RTC
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