Bank failure · TN

Valley Federal Savings and Loan (Erwin, TN) — failed April 12, 1988

Valley Federal Savings and Loan of Erwin, Tennessee was closed on April 12, 1988 and resolved through a a/a. Home Fs&la of Upper East Tn (TN) took over its insured deposits. At failure it held $80.5M in assets and $90.3M in deposits. The FDIC's estimated loss on the failure is $7.2M (8.9% of assets).