Bank failure · TN
Savannah Fs&la (Savannah, TN) — failed November 16, 1984
Savannah Fs&la of Savannah, Tennessee was closed on November 16, 1984 and resolved through a insured deposit transfer. Charter Fs&la (VA) took over its insured deposits. At failure it held $19.3M in assets and $14.5M in deposits. The FDIC's estimated loss on the failure is $9.7M (50.0% of assets).
- Closing date
- November 16, 1984
- FDIC certificate #
- 31883
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Charter Fs&la
- Insurance fund
- FSLIC
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