The Farmers Bank of Lynchburg

Status:Inactive as of 06/15/2012
 Absorption - Assisted
Successor Bank:Clayton Bank and Trust
Headquarters:The Farmers Bank of Lynchburg
71 Mechanic St. South
Lynchburg, TN 37352
Established:04/25/1888
FDIC Insurance:01/01/1934
FDIC Cert:#1690
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$163,859,000
Total Deposits:$156,402,000

History

1888-04-25Institution established: Original name:The Farmers Bank of Lynchburg
1990-05-15Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2005-05-26Change trust powers from FULL TRUST POWERS GRANTED to TRUST POWERS TERMINATED
2009-09-29Acquired Oakland Deposit Bank (10320) in OAKLAND, TN
2009-10-30Acquired First State Bank (2383) in CHAPEL HILL, TN
2012-06-15Failed. Acquired with government financial assistance and subsequently operated as part of Clayton Bank and Trust (6104)
2014-04-01Moved bank headquarters from LYNCHBURG, TN to KNOXVILLE, TN
2017-07-31Acquired Clayton Bank and Trust (6104) in KNOXVILLE, TN
2017-07-31Acquired American City Bank (21663) in TULLAHOMA, TN
2017-07-31Merged into and subsequently operated as part of FirstBank (8663) in NASHVILLE, TN
2020-02-14Acquired The Farmers National Bank of Scottsville (2769) in SCOTTSVILLE, KY
2020-08-15Acquired Franklin Synergy Bank (58714) in FRANKLIN, TN

Financial Information (2012-03-31 and Older)