Bank failure · TN
United Southern Bank of Clarksville (Clarksville, TN) — failed August 26, 1983
United Southern Bank of Clarksville of Clarksville, Tennessee was closed on August 26, 1983 and resolved through a purchase and assumption. First American Nb Nashvi (TN) took over its insured deposits. At failure it held $9.9M in assets and $11.5M in deposits. The FDIC's estimated loss on the failure is $6.0M (60.8% of assets).
- Closing date
- August 26, 1983
- FDIC certificate #
- 22577
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First American Nb Nashvi
- Insurance fund
- FDIC
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