Bank failure · TN
Peoples Bank & Trust Co. (Wartburg, TN) — failed February 8, 1985
Peoples Bank & Trust Co. of Wartburg, Tennessee was closed on February 8, 1985 and resolved through a insured deposit transfer. Citizens Bank&trust Co (TN) took over its insured deposits. At failure it held $24.4M in assets and $23.1M in deposits. The FDIC's estimated loss on the failure is $6.3M (25.7% of assets).
- Closing date
- February 8, 1985
- FDIC certificate #
- 2393
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Citizens Bank&trust Co
- Insurance fund
- FDIC
Other failures in 1985
- Sun Fs&la FL
- Home Savings Bank NY
- State S&la of Lubbock TX
- Brownfield S&la TX
- First City Bank CA
- State Bank of Frost MN
- Bank of Panama NE
- Farmers & Merchants Bank NE
- Princeton State Bank MO
- Farmers State Bank NE
- The Farmers State Bank of Barry County, Ex MO
- Lake National Bank MO
- The First National Bank in Lincoln County NM
- State Fs&la OR
- Guaranty S&la AR
- Security State Bank NE
- The Farmers and Merchants National Bank of OK
- Citizens S&la OR
- Midland Fs&la MN
- Home Fs&la KY
- Home Fs&la IA
- Citizens Fs&la WA
- Usm (U.S. Mutual) S&la MI
- Hi-Plains S&la TX