Data / Bank failures / 2016 / Trust Company Bank
Trust Company Bank, Memphis, TN: failed April 29, 2016
Trust Company Bank in Memphis, Tennessee, failed on April 29, 2016. The Bank of Fayette County of Piperton, TN, took over its deposits. It held $19 million in assets and $20.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.4 million (54.6% of its assets). By assets it was the 5th largest of 5 banks closed or assisted in 2016.
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The FDIC's record
- Closed
- April 29, 2016
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- The Bank of Fayette County, Piperton, TN
- Total assets
- $18,998,000
- Total deposits
- $20,148,000
- Estimated cost to the FDIC
- $10,372,350 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 9956
All bank failures in 2016 · 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.