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Failures by State

Bank Failures in Tennessee

70 FDIC-insured banks headquartered in Tennessee have failed since 1936. The most recent was Trust Company Bank on April 29, 2016. The worst year was 1984, with 12 failures. Failed banks held $6.21B in assets at closing.

70
Failures
1936 to 2016
$6.21B
Failed assets
At closing
$1.37B
Estimated DIF loss
FDIC estimate
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All Tennessee events
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Largest bank failures in Tennessee

Date Bank City Assets Acquirer or resolution
Jan 27, 2012 Tennessee Commerce Bank Franklin $1.01B Republic Bank & Trust Company
Apr 19, 1991 Metropolitan FS & La Nashville $985.1M Union Planters NB
Jun 7, 2013 Mountain National Bank Sevierville $437.3M First Tennessee Bank, N.A.
Feb 16, 1976 The Hamilton National Bank of Chattanooga Chattanooga $412.1M —
Aug 23, 2013 Community South Bank Parsons $386.9M CB&S Bank, Inc.
May 27, 1983 City & County BK of Knox County Knoxville $262.5M Bank of Knoxville
Jan 27, 2012 Bankeast Knoxville $261.9M U.S. Bank N.A.
Jul 20, 1989 Home Federal S & L Assoc. Memphis $204.3M First Commercial BK at Memp
Jul 29, 1983 First Peoples Bank of Washington County Johnson City $177.8M First Amn Natl Bank-East
Jun 15, 2012 The Farmers Bank of Lynchburg Lynchburg $163.9M Clayton Bank and Trust

Tennessee bank failures by year

Year Failures Failed assets
2016 1 $19.0M
2013 2 $824.2M
2012 3 $1.43B
2002 1 $58.5M
1992 1 $142.5M
1991 3 $1.02B
1990 3 $194.8M
1989 6 $509.8M
1986 2 $54.3M
1985 7 $131.7M
1984 12 $295.5M
1983 11 $1.03B
1982 3 $42.9M
1980 1 $39.8M
1979 1 $3.5M
1976 1 $412.1M
1939 2 $1.0M
1938 3 $401K
1937 2 $264K
1936 5 $253K

Every bank failure in Tennessee

Date Bank City Assets Acquirer or resolution
Apr 29, 2016 Trust Company Bank Memphis $19.0M The Bank of Fayette County
Aug 23, 2013 Community South Bank Parsons $386.9M CB&S Bank, Inc.
Jun 7, 2013 Mountain National Bank Sevierville $437.3M First Tennessee Bank, N.A.
Jun 15, 2012 The Farmers Bank of Lynchburg Lynchburg $163.9M Clayton Bank and Trust
Jan 27, 2012 Tennessee Commerce Bank Franklin $1.01B Republic Bank & Trust Company
Jan 27, 2012 Bankeast Knoxville $261.9M U.S. Bank N.A.
Nov 8, 2002 Bank of Alamo Alamo $58.5M —
Jun 12, 1992 Cherokee Valley FSA Cleveland $142.5M Branch sale
Apr 19, 1991 Metropolitan FS & La Nashville $985.1M Union Planters NB
Feb 8, 1991 First FSA of Waynesboro Waynesboro $18.2M Wayne County Bank
Feb 1, 1991 George Washington FSA Jonesborough $14.6M Home FS&LA of Upper E. TN
Oct 25, 1990 First National Bank of Jackson Jackson $73.7M First Tennessee Bank, Natio
Aug 3, 1990 Tennessee Federal Savings Bank Cookeville $40.0M Peoples B&T of Cumberlands
Mar 9, 1990 Investors Savings Bank Nashville $81.1M Amsouth Bank of TN
Jul 20, 1989 Home Federal S & L Assoc. Memphis $204.3M First Commercial BK at Memp
Mar 9, 1989 Germantown Trust Savings Germantown $135.9M NB of Commerce
Mar 9, 1989 Century Federal Savings Bank Trenton $73.9M Security Bank
Mar 9, 1989 Lincoln FS & La Mt. Carmel $72.2M Executive Park NB
Mar 9, 1989 United Guaranty FED. Savings Bank Tullahoma $11.5M Franklin County Bank
Feb 24, 1989 First Valley S&LA Pikeville $11.9M —
Jul 18, 1986 Farmer's Bank Trimble $21.4M First Tennessee Bank N.A.
Apr 22, 1986 Union County Bank Maynardville $32.9M Commercial BK Claiborne
Sep 12, 1985 First Security Bank of Dickson Dickson $14.8M Peoples Bank
Sep 4, 1985 The Bank of Loretto Loretto $25.6M First Farmers&merchants
Jun 28, 1985 First Bank & Trust Tracy City $21.1M First NB of Shelbyville
Jun 7, 1985 Community FS&LA Nashville $22.7M —
Jun 7, 1985 Magnolia FS&LA Knoxville $4.8M —
Feb 8, 1985 Peoples Bank & Trust Co. Wartburg $24.4M Citizens Bank&trust Co
Feb 1, 1985 Citizens Fidelity Bank Bristol $18.2M Energy Bank
Nov 30, 1984 The Dayton BK & TR Co. Dayton $51.4M First National Bank&trus
Nov 16, 1984 Savannah FS&LA Savannah $19.3M Charter FS&LA
Oct 12, 1984 Oneida BK & TR Co. Oneida $6.3M Energy Bank
Jul 24, 1984 Coalmont Savings Bank Coalmont $25.7M First Bank of Marion Cou
Jun 27, 1984 American Bank Saint Joseph $33.0M Commercial&industrial Ba
Jun 15, 1984 The Lawrence County Bank Lawrenceburg $25.2M Farmers BK of Lawrence C
May 18, 1984 Bledsoe County Bank Pikeville $5.3M Citizens Bank of Dunlap
Apr 27, 1984 Citizens BK of Monroe County Telico Plains $21.1M Bank of Oak Ridge
Apr 6, 1984 First Security Bank Erwin $22.5M Bank of Tennessee
Apr 6, 1984 Watauga Valley Bank Elizabethton $15.4M Carter CNTY BK Elizabeth
Jan 20, 1984 City & County BK of Jefferson CT White Pine $21.7M Merchants&planters Bank
Jan 6, 1984 Farmers BK & TR Co. Winchester $48.6M Mid-South Bank&trust Co
Sep 16, 1983 Warren County Bank McMinniville $19.6M Murfreesboro Bank&trust
Aug 26, 1983 United Southern Bank of Clarksville Clarksville $9.9M First American NB Nashvi
Aug 12, 1983 First Commerce BK of Hawkins CTY Rogersville $43.1M Hamilton Bank of Johnson
Jul 29, 1983 First Peoples Bank of Washington County Johnson City $177.8M First Amn Natl Bank-East
Jul 8, 1983 The First Central Bank Smithville $18.9M City Bank&trust Co
May 27, 1983 City & County BK of Knox County Knoxville $262.5M Bank of Knoxville
May 27, 1983 United Southern BK of Nashville Nashville $144.2M Union Planters NB of Mem
May 27, 1983 City & County BK of Anderson CTY Lake City $142.9M Third NB in Anderson Cou
May 27, 1983 United American Bank in Hamilton County Chattanooga $133.8M Union Planters NB of Mem

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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