Three Banks Fail In Tennessee, Georgia and Florida – Total 2012 Bank Failures At 31

Regulators closed three banks in three different states, as loan losses continue to plague the banking industry.  Efforts by small banks to raise additional capital have become increasing difficult due to low loan demand, a slowing economy and investor antipathy towards banking stocks.  The latest three banking failures in Tennessee, Georgia and Florida bring total […]

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 […]