Bank failure · TN

Watauga Valley Bank (Elizabethton, TN) — failed April 6, 1984

Watauga Valley Bank of Elizabethton, Tennessee was closed on April 6, 1984 and resolved through a purchase and assumption. Carter Cnty Bk Elizabeth (TN) took over its insured deposits. At failure it held $15.4M in assets and $14.9M in deposits. The FDIC's estimated loss on the failure is $4.8M (31.4% of assets).