Bank failure · TN

Magnolia Fs&la (Knoxville, TN) — failed June 7, 1985

Magnolia Fs&la of Knoxville, Tennessee was closed on June 7, 1985 and resolved through a insured deposit transfer. 0 (0) took over its insured deposits. At failure it held $4.8M in assets and $3.6M in deposits. The FDIC's estimated loss on the failure is $1.5M (31.7% of assets).