Bank Failure
BANK OF HACKLEBURG
Closed December 13, 1983 · HACKLEBURG, AL · FDIC Cert #1731.
- Closing date
- December 13, 1983
- Headquarters
- HACKLEBURG, AL
- FDIC Certificate
- 1731
- Total assets at closing
- $6,531,000
- Total deposits at closing
- $6,421,000
- Estimated loss to DIF
- $1,847,000
- Resolution type
- other
- Acquirer
- SOUTHTRUST BK OF MARION (FDIC Cert #2367)
Context
On December 13, 1983, regulators closed BANK OF HACKLEBURG, headquartered in HACKLEBURG, AL. At closing, the institution held approximately $6,531,000 in assets and $6,421,000 in deposits. The FDIC arranged a resolution under which SOUTHTRUST BK OF MARION acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $1,847,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1983
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1983-12-30 | FIRST FS&LA OF MONROEVILLE | MONROEVILLE, AL | $29,780,000 |
| 1983-12-27 | CITIZENS S&LA | MIDDLETOWN, OH | $63,594,000 |
| 1983-12-16 | THE BANK OF RED OAK | RED OAK, OK | $11,135,000 |
| 1983-12-09 | UNION TRUST COMPANY | SAN JUAN, PR | $30,578,000 |
| 1983-12-02 | METRO FS&LA | LAKE CHARLES, LA | $27,381,000 |
| 1983-12-01 | BOHEMIAN S&LA | ST. LOUIS, MO | $168,567,000 |
| 1983-11-25 | ATKINSON TRUST & SAVINGS BANK | ATKINSON, IL | $21,074,000 |
| 1983-11-14 | FIRST FS&LA OF FT. WAYNE | FORT WAYNE, IN | $298,108,000 |
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