Church facing foreclosure sells to bank

PIGEON FORGE, Tenn. (AP) -- A large eastern Tennessee church sold its 30-acre campus and state-of-the-art worship center to a bank rather than face foreclosure.

The Gathering -- one of the bigger churches in Sevier County -- relocated to a new spot after it couldn't continue making payments on the facility.

Utility workers and others outside the church Wednesday referred questions to Citizens National Bank.

Transaction reports from the Sevier County Register of Deeds indicate the 32-acre property was transferred from the Gathering to Citizens National Bank Monday.

Bank President David Verble confirmed the sale.

The transfer lists the value at $9 million, but Verble said that's the estimated market value of the property.


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