Bank failure · TN
Metropolitan Fs & LA (Nashville, TN) — failed April 19, 1991
Metropolitan Fs & LA of Nashville, Tennessee was closed on April 19, 1991 and resolved through a purchase and assumption. Union Planters Nb (TN) took over its insured deposits. At failure it held $985.1M in assets and $811.8M in deposits. The FDIC's estimated loss on the failure is $112.2M (11.4% of assets).
- Closing date
- April 19, 1991
- FDIC certificate #
- 30392
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union Planters Nb
- Insurance fund
- RTC
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