Bank failure · TN
Smith County Bank (Carthage, TN) — failed May 6, 1983
Smith County Bank of Carthage, Tennessee was closed on May 6, 1983 and resolved through a purchase and assumption. Murfreesboro Bank&trust (TN) took over its insured deposits. At failure it held $33.0M in assets and $30.9M in deposits. The FDIC's estimated loss on the failure is $4.7M (14.2% of assets).
- Closing date
- May 6, 1983
- FDIC certificate #
- 1483
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Murfreesboro Bank&trust
- Insurance fund
- FDIC
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