Data / Bank failures / 1991 / Metropolitan FS & La
Metropolitan FS & La, Nashville, TN: failed April 19, 1991
Metropolitan FS & La in Nashville, Tennessee, failed on April 19, 1991. Union Planters NB of Memphis, TN, took over its deposits. It held $985.1 million in assets and $811.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $112.2 million (11.4% of its assets). By assets it was the 34th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- April 19, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Union Planters NB, Memphis, TN
- Total assets
- $985,057,000
- Total deposits
- $811,836,000
- Estimated cost to the FDIC
- $112,219,747 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 30392
Other bank failures in Tennessee, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Cherokee Valley Fsa | Cleveland | June 12, 1992 | $142.5 million | $124.4 million | $347 | |
| First Fsa of Waynesboro | Waynesboro | February 8, 1991 | $18.2 million | $18.1 million | $2.1 million | Wayne County Bank |
| George Washington Fsa | Jonesborough | February 1, 1991 | $14.6 million | $13.3 million | $1.3 million | Home FS&LA of Upper E. TN |
| 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 |
All bank failures in 1991 · 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.