Bank Failure
Missouri Delta Bank
BankRegReports is independent of Missouri Delta Bank and never asks for online banking logins or passwords.
Closed August 28, 1985 · Hayti, MO · FDIC Cert #19574.
- Closing date
- August 28, 1985
- Headquarters
- Hayti, MO
- FDIC Certificate
- 19574
- Total assets at closing
- $9.1M
- Total deposits at closing
- $8.1M
- Estimated loss to the insurance fund
- $1.4M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bank of Hayti
Context
On August 28, 1985, regulators closed Missouri Delta Bank, headquartered in Hayti, MO. At closing, the institution held approximately $9.1M in assets and $8.1M in deposits. The FDIC record names Bank of Hayti as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $1.4M.
By assets at closing this is the 2821st largest of the 3,526 bank failures in the FDIC record, and the 110th of 139 in 1985. 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 Missouri Delta Bank fail?
Missouri Delta Bank was closed by regulators on August 28, 1985.
Who acquired Missouri Delta Bank?
The FDIC record names Bank of Hayti as the acquiring institution in the resolution of Missouri Delta Bank.
How big was Missouri Delta Bank when it failed?
Missouri Delta Bank had approximately $9.1M in total assets and $8.1M in deposits at the time of failure.
Other failures in 1985
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1985 | First City Bank | $35.8M |
| Dec 20, 1985 | State Bank of Frost | $7.7M |
| Dec 19, 1985 | Princeton State Bank | $18.4M |
| Dec 19, 1985 | Farmers State Bank | $12.5M |
| Dec 19, 1985 | Bank of Panama | $4.4M |
| Dec 19, 1985 | Farmers & Merchants Bank | $3.3M |
| Dec 13, 1985 | The First National Bank in Lincoln County | $32.0M |
| Dec 13, 1985 | Lake National Bank | $19.8M |
Explore: all failures · MO bank events · 1985 events · events hub