Bank Failure
Jackson County National Bank
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Closed August 9, 1984 · Tuckerman, AR · FDIC Cert #3895.
- Closing date
- August 9, 1984
- Headquarters
- Tuckerman, AR
- FDIC Certificate
- 3895
- Total assets at closing
- $13.3M
- Total deposits at closing
- $12.9M
- Estimated loss to the insurance fund
- $5.3M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- First State Bank of Newp
Context
On August 9, 1984, regulators closed Jackson County National Bank, headquartered in Tuckerman, AR. At closing, the institution held approximately $13.3M in assets and $12.9M in deposits. The FDIC record names First State Bank of Newp as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $5.3M.
By assets at closing this is the 2622nd largest of the 3,526 bank failures in the FDIC record, and the 60th of 83 in 1984. 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 Jackson County National Bank fail?
Jackson County National Bank was closed by regulators on August 9, 1984.
Who acquired Jackson County National Bank?
The FDIC record names First State Bank of Newp as the acquiring institution in the resolution of Jackson County National Bank.
How big was Jackson County National Bank when it failed?
Jackson County National Bank had approximately $13.3M in total assets and $12.9M in deposits at the time of failure.
Other failures in 1984
| Date | Bank | Assets |
|---|---|---|
| Dec 22, 1984 | First Security Bank | $13.4M |
| Dec 20, 1984 | The Farmers State Bank | $14.6M |
| Dec 18, 1984 | Uehling State Bank | $4.2M |
| Dec 11, 1984 | University Bank of Wichita | $4.7M |
| Dec 7, 1984 | San Marino S&LA | $856.8M |
| Dec 7, 1984 | Farmers State BK of Holyoke | $3.9M |
| Dec 4, 1984 | Golden Spike State Bank | $7.8M |
| Nov 30, 1984 | The Dayton BK & TR Co. | $51.4M |
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