Data / Bank failures / 1985 / Citizens Fidelity Bank
Citizens Fidelity Bank, Bristol, TN: failed February 1, 1985
Citizens Fidelity Bank in Bristol, Tennessee, failed on February 1, 1985. Energy Bank of Oak Ridge, TN, took over its deposits. It held $18.2 million in assets and $17.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.1 million (22.3% of its assets). By assets it was the 122nd largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- February 1, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Energy Bank, Oak Ridge, TN
- Total assets
- $18,223,000
- Total deposits
- $17,599,000
- Estimated cost to the FDIC
- $4,060,200 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22822
Other bank failures in Tennessee, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Commerce (assistance) | Morristown | November 26, 1986 | $66.6 million | $64.7 million | $11.3 million | Bankof East Tennessee |
| 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 |
| First Bank & Trust | Tracy City | June 28, 1985 | $21.1 million | $19.7 million | $2.9 million | First NB of Shelbyville |
| Magnolia FS&LA | Knoxville | June 7, 1985 | $4.8 million | $3.6 million | $1.5 million |
Other failed banks Energy Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Oneida BK & TR Co. | Oneida | TN | October 12, 1984 | $6.3 million | $5.4 million | $3 million | Energy Bank |
All bank failures in 1985 · All bank failures in Tennessee · Every failed bank Energy Bank took over · 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.