Bank failure · TN
The Farmers Bank of Lynchburg (Lynchburg, TN) — failed June 15, 2012
The Farmers Bank of Lynchburg of Lynchburg, Tennessee was closed on June 15, 2012 and resolved through a purchase and assumption. Clayton Bank and Trust (TN) took over its insured deposits. At failure it held $163.9M in assets and $156.4M in deposits. The FDIC's estimated loss on the failure is $33.1M (20.2% of assets).
- Closing date
- June 15, 2012
- FDIC certificate #
- 1690
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Clayton Bank and Trust
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2012
- Community Bank of the Ozarks MO
- Hometown Communitybank GA
- Citizens First National Bank IL
- Heritage Bank of Florida FL
- Nova Bank PA
- First East Side Savings Bank FL
- Excel Bank MO
- Gulfsouth Private Bank FL
- First United Bank IL
- Truman Bank MO
- First Commercial Bank MN
- Waukegan Savings Bank IL
- Jasper Banking Company GA
- First Cherokee State Bank GA
- Heartland Bank KS
- Georgia Trust Bank GA
- The Royal Palm Bank of Florida FL
- Second Federal Savings and Loan Association of Chicago IL
- Glasgow Savings Bank MO
- Montgomery Bank & Trust GA
- Security Exchange Bank GA
- Putnam State Bank FL
- Farmers' and Traders' State Bank IL
- First Capital Bank OK