Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Trust Company Bank, Memphis, TN

On Friday, April 29, 2016, Trust Company Bank was closed by the Tennessee Department of Financial Institutions. The FDIC was named Receiver. The Bank of Fayette County, Piperton, TN acquired all deposit accounts.

The FDIC as Receiver for Trust Company Bank, Memphis, TN has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 8, 2018 and has made all dividend distributions required by law.

Effective September 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: September 1, 2018


Notice of Intent to Terminate

Publication Date: March 8, 2018

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: THE BANK OF FAYETTE COUNTY

About The Bank of Fayette County

All deposit accounts, including brokered deposits, were transferred to The Bank of Fayette County, Piperton, TN ("assuming institution"). Former Trust Company Bank locations reopened as branches of The Bank of Fayette County.

Your transferred deposits were separately insured from any accounts you may have already had at The Bank of Fayette County for at least six months after the failure of Trust Company Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with The Bank of Fayette County as long as the deposits are not pledged as collateral for loans.

Contacting The Bank of Fayette County

You can contact The Bank of Fayette County:

The Bank of Fayette County
1265 Hwy 57
Piperton,TN 38017

The Bank of Fayette County (www.thebank1905.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (16Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Skip Footer back to content