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Kingsport is a city in Sullivan and Hawkins counties in the U.S. state of Tennessee. As of the 2020 census , its population was 55,442. [ 6 ] Lying along the Holston River , Kingsport is commonly included in what is known as the Mountain Empire, which spans a portion of southwest Virginia and the mountainous counties in northeastern Tennessee .
Eastman Credit Union (ECU) is a credit union headquartered in Kingsport, Tennessee, that is insured by the National Credit Union Administration. It was founded in 1934, originally to serve employees of the Tennessee Eastman Chemical Company. In 2005, it expanded to a community charter, opening membership to the wider community. [1]
Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
The bank was founded on November 23, 1998. [1]In 2008, the bank had a 3.38% market share in East Tennessee. [3]In October 2011, the bank entered into a consent order with the Office of the Comptroller of the Currency (OCC) and agreed to reduce its commercial property loans.
The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".
The Tri-Cities is the region comprising the cities of Kingsport, Johnson City, and Bristol and the surrounding smaller towns and communities in Northeast Tennessee and Southwest Virginia. All three cities are located in Northeast Tennessee, while Bristol has a twin city of the same name in Virginia.
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