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Hamilton Bank Re-Opened After Insolvency
Hamilton National Bank of Chattanooga reopened as First Tennessee National Bank of Chattanooga after insolvency and sale to First National Tennessee Corp. FDIC seized the bank at close of banking Monday and authorized depositors to transfer to the purchaser. The bank faced about 34 million in foreclosed loans and 50 million in questionable loans from Hamilton Mortgage Co. and mortgage real estate exposure.
MENTIONED IN THIS ARTICLE
Chattanooga, Tenn
Hamilton National Bank of
Chattanooga
First Tennessee National Bank of Chattanooga
First National Tenney Corp
Memphis
Tefin
Federal Deposit Insurance Corp
FDIC
Howard Terry
First Tennessee National
Hamilton National
James E. Smith
American City Bank and Trust Co
Milwaukee
Franklin National Bank of
Long Island
N.Y
Chattanooga Bank
Hamilton Mortgage Co
Atlanta
Hamilton-Chattanooga
Smith