Data / Bank failures / 1986 / Farmer's Bank
Farmer's Bank, Trimble, TN: failed July 18, 1986
Farmer's Bank in Trimble, Tennessee, failed on July 18, 1986. First Tennessee Bank NA of Memphis, TN, took over its deposits. It held $21.4 million in assets and $20.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.4 million (34.4% of its assets). By assets it was the 131st largest of 204 banks closed or assisted in 1986.
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
- July 18, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Tennessee Bank NA, Memphis, TN
- Total assets
- $21,445,000
- Total deposits
- $20,248,000
- Estimated cost to the FDIC
- $7,371,942 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 8438
Other bank failures in Tennessee, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Commerce FSB (assistance) | Knoxville | August 26, 1988 | $40.1 million | $50.8 million | $21.2 million | Security Trust FS&LA |
| Frontier Federal Savings Bank (assistance) | Dyersburg | June 6, 1988 | $43.7 million | $42.5 million | $11 million | Security First FSB |
| Valley Federal Savings and Loan (assistance) | Erwin | April 12, 1988 | $80.5 million | $90.3 million | $7.2 million | Home FS&LA of Upper East TN |
| Bank of Commerce (assistance) | Morristown | November 26, 1986 | $66.6 million | $64.7 million | $11.3 million | Bankof East Tennessee |
| 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 |
All bank failures in 1986 · All bank failures in Tennessee · 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.