Data / Bank failures / 1984 / Coalmont Savings Bank
Coalmont Savings Bank, Coalmont, TN: failed July 24, 1984
Coalmont Savings Bank in Coalmont, Tennessee, failed on July 24, 1984. First Bank of Marion Cou of South Pittsburg, TN, took over its deposits. It held $25.7 million in assets and $24 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.8 million (30.3% of its assets). By assets it was the 52nd largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- July 24, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Bank of Marion Cou, South Pittsburg, TN
- Total assets
- $25,716,000
- Total deposits
- $24,039,000
- Estimated cost to the FDIC
- $7,786,084 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 10699
Other bank failures in Tennessee, 1982 to 1986
| 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 |
All bank failures in 1984 · 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.