Bank failure · TN
Tennessee Commerce Bank (Franklin, TN) — failed January 27, 2012
Tennessee Commerce Bank of Franklin, Tennessee was closed on January 27, 2012 and resolved through a purchase and assumption. Republic Bank & Trust Company (KY) took over its insured deposits. At failure it held $1.0B in assets and $1.0B in deposits. The FDIC's estimated loss on the failure is $351.8M (34.9% of assets).
- Closing date
- January 27, 2012
- FDIC certificate #
- 35296
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Republic Bank & Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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