Data / Bank failures / 1986 / Bank of Commerce
Bank of Commerce, Morristown, TN: received FDIC assistance November 26, 1986
Bank of Commerce in Morristown, Tennessee, received open bank assistance from the FDIC on November 26, 1986. It held $66.6 million in assets and $64.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11.3 million (17% of its assets). By assets it was the 64th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- November 26, 1986
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Bankof East Tennessee, Morristown, TN
- Total assets
- $66,627,000
- Total deposits
- $64,699,000
- Estimated cost to the FDIC
- $11,300,000 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 15409
Other bank failures in Tennessee, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Commerce FSB (assistance) | Knoxville | August 26, 1988 | $40.1 million | $50.8 million | $21.2 million | Security Trust FS&LA |
| Frontier Federal Savings Bank (assistance) | Dyersburg | June 6, 1988 | $43.7 million | $42.5 million | $11 million | Security First FSB |
| Valley Federal Savings and Loan (assistance) | Erwin | April 12, 1988 | $80.5 million | $90.3 million | $7.2 million | Home FS&LA of Upper East TN |
| Farmer's Bank | Trimble | July 18, 1986 | $21.4 million | $20.2 million | $7.4 million | First Tennessee Bank NA |
| Union County Bank | Maynardville | April 22, 1986 | $32.9 million | $30.4 million | $3.5 million | Commercial BK Claiborne |
| Security Trust S&LA (assistance) | Oakridge | October 28, 1985 | $28.8 million | $27.2 million | $10.4 million | Security SLA |
| First Security Bank of Dickson | Dickson | September 12, 1985 | $14.8 million | $14.3 million | $1.8 million | Peoples Bank |
| The Bank of Loretto | Loretto | September 4, 1985 | $25.6 million | $24.8 million | $3.9 million | First FARMERS&MERCHANTS |
All bank failures in 1986 · 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.