Bank Failure
City & County BK of Campbell CTY
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Closed June 28, 1980 · Jellico, TN · FDIC Cert #4939.
- Closing date
- June 28, 1980
- Headquarters
- Jellico, TN
- FDIC Certificate
- 4939
- Total assets at closing
- $39.8M
- Total deposits at closing
- $36.0M
- Estimated loss to the insurance fund
- $8.1M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- City&county BK Anderson
Context
On June 28, 1980, regulators closed City & County BK of Campbell CTY, headquartered in Jellico, TN. At closing, the institution held approximately $39.8M in assets and $36.0M in deposits. The FDIC record names City&county BK Anderson as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $8.1M.
By assets at closing this is the 1818th largest of the 3,526 bank failures in the FDIC record, and the 3rd of 10 in 1980. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did City & County BK of Campbell CTY fail?
City & County BK of Campbell CTY was closed by regulators on June 28, 1980.
Who acquired City & County BK of Campbell CTY?
The FDIC record names City&county BK Anderson as the acquiring institution in the resolution of City & County BK of Campbell CTY.
How big was City & County BK of Campbell CTY when it failed?
City & County BK of Campbell CTY had approximately $39.8M in total assets and $36.0M in deposits at the time of failure.
Other failures in 1980
| Date | Bank | Assets |
|---|---|---|
| Dec 31, 1980 | East Gadsden Bank | $44.0M |
| Nov 21, 1980 | Citizens State BK of Galena | $10.3M |
| Oct 11, 1980 | The Rochelle BK & TR Co. | $8.4M |
| Sep 12, 1980 | The Metro BK of Huntington, Inc. | $27.0M |
| Aug 8, 1980 | The Mission State BK & TR Co. | $86.4M |
| Jun 4, 1980 | The Citizens State Bank | $2.0M |
| Feb 16, 1980 | Mohawk BK & TR Co. | $5.9M |
| Feb 12, 1980 | First National BK of Carrington | $12.4M |
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