Bank failure · TN

Security Trust S&la (Oakridge, TN) — failed October 28, 1985

Security Trust S&la of Oakridge, Tennessee was closed on October 28, 1985 and resolved through a a/a. Security Sla (MS) took over its insured deposits. At failure it held $28.8M in assets and $27.2M in deposits. The FDIC's estimated loss on the failure is $10.4M (36.1% of assets).