Bank failure · TN

Tennessee Federal Savings Bank (Cookeville, TN) — failed August 3, 1990

Tennessee Federal Savings Bank of Cookeville, Tennessee was closed on August 3, 1990 and resolved through a purchase and assumption. Peoples B&t of Cumberlands (TN) took over its insured deposits. At failure it held $40.0M in assets and $36.0M in deposits. The FDIC's estimated loss on the failure is $10.9M (27.3% of assets).