Bank failure · TN
The First Central Bank (Smithville, TN) — failed July 8, 1983
The First Central Bank of Smithville, Tennessee was closed on July 8, 1983 and resolved through a purchase and assumption. City Bank&trust Co (TN) took over its insured deposits. At failure it held $18.9M in assets and $17.9M in deposits. The FDIC's estimated loss on the failure is $5.5M (28.9% of assets).
- Closing date
- July 8, 1983
- FDIC certificate #
- 4963
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- City Bank&trust Co
- Insurance fund
- FDIC
Other failures in 1983
- First Fs&la of Monroeville AL
- Citizens S&la OH
- The Bank of Red Oak OK
- Bank of Hackleburg AL
- Union Trust Company PR
- Metro Fs&la LA
- Bohemian S&la MO
- Atkinson Trust & Savings Bank IL
- First Fs&la of Ft. Wayne IN
- American Fs&la IN
- Ft. Wayne Fs&la IN
- South Bend Fs&la IN
- First Nat Bk of Browning MT
- State of Clovis, Sa NM
- Cleveland Community Savings Co. OH
- The First Nat Bk of Midland TX
- First Carolina Fs&la SC
- The Deschutes Bank OR
- Auburn Savings Bank NY
- Dominion Bk of Denver CO
- Security S&la LA
- National Bk of Odessa TX
- Bastrop Fs&la LA
- Warren County Bank TN