Mike Hammond, Knox County Criminal Court Clerk discovered a checking account at First TN Bank with $2.5 million dollars in it shortly after he took over on September 1, 2014. Hammond appeared before the Knox County Commission in January 2015 at the workshop to explain. He said the account has been open for 50 years. If we do a plus or minus for accurate time frame, it means circa September 2015, the account opened circa September 1964. That was two years before I was born, translation 50 years ago. Yes, I am 48 until August 2015. Meaning that before First TN Bank it was United American Bank (UAB) Jake Butcher’s bank. Butcher’s UAB bank collapsed on Valentines Day (2-14-1983), the banks were raided by FDIC regulators on 11/1/1982. Translation FDIC regulators raided 32 years ago, meaning that account had been open 18 years in 1982.
Granted I may be wrong. But, still, it is an interesting thought that the guys and gals at the Big Metal Shed on the Hill probably ain’t thought about. YES, Jack I know ain’t ain’t a word. It is ok, I am a blogger with heavy traffic over 10 plus years, I believe my readers understand the word ain’t. Ain’t that right, folks?