Data / Bank failures / 2002 / Bank of Alamo
Bank of Alamo, Alamo, TN: failed November 8, 2002
Bank of Alamo in Alamo, Tennessee, failed on November 8, 2002. It held $58.5 million in assets and $52.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9.3 million (15.9% of its assets). By assets it was the 6th largest of 11 banks closed or assisted in 2002.
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The FDIC's record
- Closed
- November 8, 2002
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $58,454,000
- Total deposits
- $52,157,000
- Estimated cost to the FDIC
- $9,316,090 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 9961
All bank failures in 2002 · All bank failures in Tennessee · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.