Bank failure · TN
Mountain National Bank (Sevierville, TN) — failed June 7, 2013
Mountain National Bank of Sevierville, Tennessee was closed on June 7, 2013 and resolved through a purchase and assumption. First Tennessee Bank, National Association (TN) took over its insured deposits. At failure it held $437.3M in assets and $373.4M in deposits. The FDIC's estimated loss on the failure is $33.3M (7.6% of assets).
- Closing date
- June 7, 2013
- FDIC certificate #
- 34789
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Tennessee Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2013
- Texas Community Bank, National Association TX
- Bank of Jackson County FL
- First National Bank TX
- The Community'S Bank CT
- Community South Bank TN
- Sunrise Bank of Arizona AZ
- Bank of Wausau WI
- First Community Bank of Southwest Florida FL
- 1st COMMERCE BANK NV
- Banks of Wisconsin WI
- Central Arizona Bank AZ
- Sunrise Bank GA
- Pisgah Community Bank NC
- Douglas County Bank GA
- Parkway Bank NC
- Heritage Bank of North Florida FL
- First Federal Bank KY
- Chipola Community Bank FL
- Gold Canyon Bank AZ
- Frontier Bank GA
- Covenant Bank IL
- 1st Regents Bank MN
- Westside Community Bank WA