Bank failure · TN
United American Bank in Hamilton County (Chattanooga, TN) — failed May 27, 1983
United American Bank in Hamilton County of Chattanooga, Tennessee was closed on May 27, 1983 and resolved through a purchase and assumption. Union Planters Nb of Mem (TN) took over its insured deposits. At failure it held $133.8M in assets and $125.2M in deposits. The FDIC's estimated loss on the failure is $19.1M (14.2% of assets).
- Closing date
- May 27, 1983
- FDIC certificate #
- 20332
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union Planters Nb of Mem
- Insurance fund
- FDIC
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