Data / Bank failures / 2012 / Bankeast
Bankeast, Knoxville, TN: failed January 27, 2012
Bankeast in Knoxville, Tennessee, failed on January 27, 2012. U.S. Bank National Association of Cincinnati, OH, took over its deposits. It held $261.9 million in assets and $259.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $74.1 million (28.3% of its assets). By assets it was the 15th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- January 27, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- U.S. Bank National Association, Cincinnati, OH
- Total assets
- $261,947,000
- Total deposits
- $259,571,000
- Estimated cost to the FDIC
- $74,063,839 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- DIF
- FDIC certificate
- 19869
Other bank failures in Tennessee, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Community South Bank | Parsons | August 23, 2013 | $386.9 million | $377.7 million | $129.7 million | CB&S Bank, Inc. |
| Mountain National Bank | Sevierville | June 7, 2013 | $437.3 million | $373.4 million | $33.3 million | First Tennessee Bank, National Association |
| The Farmers Bank of Lynchburg | Lynchburg | June 15, 2012 | $163.9 million | $156.4 million | $33.1 million | Clayton Bank and Trust |
| Tennessee Commerce Bank | Franklin | January 27, 2012 | $1.01 billion | $1.04 billion | $351.8 million | Republic Bank & Trust Company |
All bank failures in 2012 · All bank failures in Tennessee · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.