Data / Bank failures / 1986 / Union County Bank
Union County Bank, Maynardville, TN: failed April 22, 1986
Union County Bank in Maynardville, Tennessee, failed on April 22, 1986. Commercial BK Claiborne of Harrogate, TN, took over its deposits. It held $32.9 million in assets and $30.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.5 million (10.6% of its assets). By assets it was the 108th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- April 22, 1986
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Commercial BK Claiborne, Harrogate, TN
- Total assets
- $32,902,000
- Total deposits
- $30,436,000
- Estimated cost to the FDIC
- $3,472,991 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 16943
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 |
| Farmer's Bank | Trimble | July 18, 1986 | $21.4 million | $20.2 million | $7.4 million | First Tennessee Bank NA |
| 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 2026-10-23. 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.