Data / Bank failures / 1983 / United American BK in Knoxville
United American BK in Knoxville, Knoxville, TN: received FDIC assistance February 14, 1983
United American BK in Knoxville in Knoxville, Tennessee, received open bank assistance from the FDIC on February 14, 1983. It held $760.5 million in assets and $590.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $266.4 million (35% of its assets). By assets it was the 5th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- February 14, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First TN Bank Knoxville, Knoxville, TN
- Total assets
- $760,473,000
- Total deposits
- $590,861,000
- Estimated cost to the FDIC
- $266,383,600 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 4943
Other bank failures in Tennessee, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 | |
| Community FS&LA | Nashville | June 7, 1985 | $22.7 million | $18.8 million | $3.6 million | |
| Peoples Bank & Trust Co. | Wartburg | February 8, 1985 | $24.4 million | $23.1 million | $6.3 million | Citizens BANK&TRUST Co |
| Citizens Fidelity Bank | Bristol | February 1, 1985 | $18.2 million | $17.6 million | $4.1 million | Energy Bank |
All bank failures in 1983 · 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.