Data / Bank failures / 2013 / Community South Bank
Community South Bank, Parsons, TN: failed August 23, 2013
Community South Bank in Parsons, Tennessee, failed on August 23, 2013. CB&S Bank, Inc. of Russellville, AL, took over its deposits. It held $386.9 million in assets and $377.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $129.7 million (33.5% of its assets). By assets it was the 3rd largest of 24 banks closed or assisted in 2013.
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The FDIC's record
- Closed
- August 23, 2013
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- CB&S Bank, Inc., Russellville, AL
- Total assets
- $386,908,000
- Total deposits
- $377,672,000
- Estimated cost to the FDIC
- $129,718,843 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 19849
Other bank failures in Tennessee, 2011 to 2015
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Bankeast | Knoxville | January 27, 2012 | $261.9 million | $259.6 million | $74.1 million | U.S. Bank National Association |
All bank failures in 2013 · 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.