Bank Failure
Tennessee Commerce Bank
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Closed January 27, 2012 · Franklin, TN · FDIC Cert #35296.
- Closing date
- January 27, 2012
- Headquarters
- Franklin, TN
- FDIC Certificate
- 35296
- Total assets at closing
- $1.01B
- Total deposits at closing
- $1.04B
- Estimated loss to the insurance fund
- $351.8M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Republic Bank & Trust Company
Context
On January 27, 2012, regulators closed Tennessee Commerce Bank, headquartered in Franklin, TN. At closing, the institution held approximately $1.01B in assets and $1.04B in deposits. The FDIC record names Republic Bank & Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $351.8M.
By assets at closing this is the 211th largest of the 3,526 bank failures in the FDIC record, and the 1st of 51 in 2012. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Tennessee Commerce Bank fail?
Tennessee Commerce Bank was closed by regulators on January 27, 2012.
Who acquired Tennessee Commerce Bank?
The FDIC record names Republic Bank & Trust Company as the acquiring institution in the resolution of Tennessee Commerce Bank.
How big was Tennessee Commerce Bank when it failed?
Tennessee Commerce Bank had approximately $1.01B in total assets and $1.04B in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2012 | Community Bank of the Ozarks | $42.8M |
| Nov 16, 2012 | Hometown Communitybank | $124.6M |
| Nov 2, 2012 | Citizens First National Bank | $924.0M |
| Nov 2, 2012 | Heritage Bank of Florida | $225.5M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Oct 19, 2012 | Excel Bank | $186.1M |
| Oct 19, 2012 | Gulfsouth Private Bank | $139.4M |
| Oct 19, 2012 | First East Side Savings Bank | $65.7M |
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