BankEast
Knoxville, TN · Owner: Bankeast Corp
$262M
total assets, December 31, 2011
$262M
total assets, December 31, 2011
BankEast was a state member bank in Knoxville, TN, owned by Bankeast Corp. It failed on Jan 27, 2012, and U.s. Bank National Association took over its deposits. At its last report it held $261.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2011
This bank failed
- Failed on
- Jan 27, 2012
- Assets
- $262M
- Deposits
- $260M
- Estimated cost
- $74.1M
- Deposits went to
- U.s. Bank National Association, Cincinnati, OH
Total assets
$262M
-5.6% in a year · -3.9% in a quarter
Deposits
$260M
-3.7% in a year · -3.4% in a quarter
Loans
$181M
-9.9% in a year · -2.4% in a quarter
Profit so far
-$5.8M
Jan 1 to Dec 31, 2011
Capital ratio
0.35%
-1.69 pts in a year
Return on assets
-2.12%
+3.17 pts in a year
Facts
- Type
- State member bank
- Head office
- 607 Market Street, Knoxville, TN, 37902
- County
- Knox
- Holding company
- Bankeast Corp
- Established
- Nov 23, 1968
- Failed
- Jan 27, 2012
- Employees
- 79
- Branches
- 10
- Id
- b19869
Quarter by quarter
March 31, 1984 to December 31, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is BankEast?
$261.9 million in total assets and $259.6 million in deposits as of December 31, 2011, with assets down 5.6% from a year before. Its loans were $180.8 million.
How many branches does BankEast have?
10 branches in Tennessee as of June 30, 2026.
Is BankEast profitable?
No: it lost $5.84 million from January 1 to December 31, 2011. Its return on assets was -2.12% a year; about 1% is typical.
Who owns BankEast?
BankEast is owned by Bankeast Corp, its holding company.
When did BankEast fail?
Jan 27, 2012. U.s. Bank National Association of Cincinnati, OH took over its deposits. The estimated cost of the failure was $74.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.