Data / Bank failures / 1989 / Century Federal Savings Bank
Century Federal Savings Bank, Trenton, TN: failed March 9, 1989
Century Federal Savings Bank in Trenton, Tennessee, failed on March 9, 1989. Security Bank of Newbern, TN, took over its deposits. It held $73.9 million in assets and $75.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $15.3 million (20.7% of its assets). By assets it was the 259th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- March 9, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Security Bank, Newbern, TN
- Total assets
- $73,942,000
- Total deposits
- $75,103,000
- Estimated cost to the FDIC
- $15,288,486 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 29718
Other bank failures in Tennessee, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Metropolitan FS & La | Nashville | April 19, 1991 | $985.1 million | $811.8 million | $112.2 million | Union Planters NB |
| First Fsa of Waynesboro | Waynesboro | February 8, 1991 | $18.2 million | $18.1 million | $2.1 million | Wayne County Bank |
| George Washington Fsa | Jonesborough | February 1, 1991 | $14.6 million | $13.3 million | $1.3 million | Home FS&LA of Upper E. TN |
| First National Bank of Jackson | Jackson | October 25, 1990 | $73.7 million | $69.9 million | $5.2 million | First Tennessee Bank, Natio |
| Tennessee Federal Savings Bank | Cookeville | August 3, 1990 | $40 million | $36 million | $10.9 million | Peoples B&T of Cumberlands |
| Investors Savings Bank | Nashville | March 9, 1990 | $81.1 million | $65.8 million | $16.1 million | Amsouth Bank of TN |
| Home Federal S & L Assoc. | Memphis | July 20, 1989 | $204.3 million | $164.3 million | $20 million | First Commercial BK at Memp |
| Germantown Trust Savings | Germantown | March 9, 1989 | $135.9 million | $105.9 million | $38.2 million | NB of Commerce |
Other failed banks Security Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Hume Bank | Hume | MO | March 7, 2008 | $18.7 million | $13.6 million | $3.8 million | Security Bank |
| Flower Mound Bank | Flower Mound | TX | March 3, 1988 | $17.4 million | $17.6 million | $3.9 million | Security Bank |
| The First National Bank of Prairie City | Prairie City | IA | July 24, 1986 | $18.9 million | $19.2 million | $1.8 million | Security Bank |
All bank failures in 1989 · All bank failures in Tennessee · Every failed bank Security Bank took over · 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.