Data / Bank failures / 1988 / Commerce FSB
Commerce FSB, Knoxville, TN: received FDIC assistance August 26, 1988
Commerce FSB in Knoxville, Tennessee, received open bank assistance from the FDIC on August 26, 1988. It held $40.1 million in assets and $50.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $21.2 million (52.9% of its assets). By assets it was the 303rd largest of 470 banks closed or assisted in 1988.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- August 26, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Security Trust FS&LA, Oak Ridge, TN
- Total assets
- $40,107,000
- Total deposits
- $50,776,000
- Estimated cost to the FDIC
- $21,200,000 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 31881
Other bank failures in Tennessee, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Lincoln FS & La | MT. Carmel | March 9, 1989 | $72.2 million | $64.9 million | $19.2 million | Executive Park NB |
| United Guaranty Fed. Savings Bank | Tullahoma | March 9, 1989 | $11.5 million | $13.1 million | $2.7 million | Franklin County Bank |
| Century Federal Savings Bank | Trenton | March 9, 1989 | $73.9 million | $75.1 million | $15.3 million | Security Bank |
All bank failures in 1988 · 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.