Regulators closed four banks in Tennessee, Minnesota and Florida, bringing the total for the year to seven. Tennessee, with two bank closings, had previously not had a single bank failure since 2002. The combined assets of the two failed banks in Tennessee totaled $1.5 billion. Tennessee Commerce Bank of Franklin, TN, became the first billion […]
Four Banks Fail – FDIC Losses Approach $1 Billion On YTD Bank Closings
January 28, 2012 By Leave a Comment
Tennessee Commerce Bank Fails – First Billion Dollar Bank Failure Of 2012
January 27, 2012 By 1 Comment
Tennessee Commerce Bank, Franklin, TN, with $1.2 billion dollars in assets, was closed today by state regulators. The failure of Tennessee Commerce is the largest banking failure of the new year and comes in a state that is a stranger to bank failures. Prior to today, the last banking failure in Tennessee was on November […]