Bank Failure
Bollinger County Bank
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Closed December 10, 1982 · Lutesville, MO · FDIC Cert #8287.
- Closing date
- December 10, 1982
- Headquarters
- Lutesville, MO
- FDIC Certificate
- 8287
- Total assets at closing
- $15.9M
- Total deposits at closing
- $14.6M
- Estimated loss to the insurance fund
- $1.6M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Security BK Bollinger CN
Context
On December 10, 1982, regulators closed Bollinger County Bank, headquartered in Lutesville, MO. At closing, the institution held approximately $15.9M in assets and $14.6M in deposits. The FDIC record names Security BK Bollinger CN as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $1.6M.
By assets at closing this is the 2502nd largest of the 3,526 bank failures in the FDIC record, and the 17th of 34 in 1982. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bollinger County Bank fail?
Bollinger County Bank was closed by regulators on December 10, 1982.
Who acquired Bollinger County Bank?
The FDIC record names Security BK Bollinger CN as the acquiring institution in the resolution of Bollinger County Bank.
How big was Bollinger County Bank when it failed?
Bollinger County Bank had approximately $15.9M in total assets and $14.6M in deposits at the time of failure.
Other failures in 1982
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1982 | The Security State Bank | $11.6M |
| Nov 19, 1982 | North Kansas Sa | $36.5M |
| Nov 19, 1982 | Ranchlander National Bank | $4.3M |
| Nov 12, 1982 | Bank of Quitman | $17.4M |
| Nov 5, 1982 | The First National Bank of South Charlesto | $28.6M |
| Nov 5, 1982 | Texas BK of Amarillo | $13.1M |
| Nov 2, 1982 | Cedar Bluff Bank | $13.7M |
| Oct 8, 1982 | Tri-State Bank | $16.3M |
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