Bank failure · TN

Trust Company Bank (Memphis, TN) — failed April 29, 2016

Trust Company Bank of Memphis, Tennessee was closed on April 29, 2016 and resolved through a purchase and assumption. The Bank of Fayette County (TN) took over its insured deposits. At failure it held $19.0M in assets and $20.1M in deposits. The FDIC's estimated loss on the failure is $10.4M (54.6% of assets).