The Farmers Bank of Lynchburg, TN, Closed By Regulators After 124 Years Of Operations

One of the oldest banking institutions in the country was closed by regulators after becoming critically undercapitalized.  The Farmers Bank of Lynchburg, established in 1888, was closed by the Tennessee Department of Financial Institutions which appointed the FDIC as receiver.  In order to protect depositors, the failed bank was sold by the FDIC to Clayton […]