The Bank of Fayette County, Piperton, Tennessee, Assumes All of the Deposits of Trust Company Bank, Memphis, Tennessee — 2016-04-29

Trust Company Bank, Memphis, Tennessee, was closed today by the Tennessee Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with The Bank of Fayette County, Piperton, Tennessee, to assume all of the deposits of Trust Company Bank. The four branches of Trust Company Bank will reopen as branches of The Bank of Fayette County during normal business hours. Depositors of Trust Company Bank will automatically become depositors of The Bank of Fayette County. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.