Data / Bank failures / 1984 / Savannah FS&LA
Savannah FS&LA, Savannah, TN: failed November 16, 1984
Savannah FS&LA in Savannah, Tennessee, failed on November 16, 1984. Charter FS&LA of Bristol, VA, took over its deposits. It held $19.3 million in assets and $14.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9.7 million (50% of its assets). By assets it was the 69th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- November 16, 1984
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Charter FS&LA, Bristol, VA
- Total assets
- $19,343,000
- Total deposits
- $14,507,000
- Estimated cost to the FDIC
- $9,666,600 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31883
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 |
Other failed banks Charter FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| East Tennessee (assistance) | Knoxville | TN | November 16, 1984 | $21.9 million | $15 million | $5.1 million | Charter FS&LA |
| John Sevier S&LA (assistance) | Sevierville | TN | November 16, 1984 | $35.8 million | $34.2 million | $14.9 million | Charter FS&LA |
| American S&LA (assistance) | Knoxville | TN | November 16, 1984 | $64.8 million | $59.7 million | $9.9 million | Charter FS&LA |
| Knox FS&LA (assistance) | Knoxville | TN | November 16, 1984 | $154.7 million | $141.6 million | $30.4 million | Charter FS&LA |
All bank failures in 1984 · All bank failures in Tennessee · Every failed bank Charter FS&LA took over · 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.