The Graveyard › Banks › 2012
Tennessee Commerce Bank
Franklin, TN · failed January 27, 2012 · FDIC certificate 35296
Tennessee Commerce Bank of Franklin, TN failed on January 27, 2012. It opened on January 14, 2000, 12 years before. At its last report before that it held $1.0 billion in assets and $1.0 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2011, it held $1.5 billion. The FDIC estimates that the Deposit Insurance Fund lost $351.8 million on it.
2000-032011-12
Assets at the end$1.0 billionlast report before January 27, 2012
Deposits at the end$1.0 billion
Estimated loss to the fund$351.8 millionDIF
Largest in the quarterly reports$1.5 billionMarch 31, 2011
Equity to assets-3.6%December 31, 2011
Loans not being repaid14.2%noncurrent, December 31, 2011
Return on assets-12.63%a year's rate, December 31, 2011
Staff79full time, December 31, 2011
Also ended in 2012
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million in assets
- NOVA Bank · Berwyn, PA · $444.7 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.