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Bank Failure

Ranchlander National Bank

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Closed November 19, 1982 · Melvin, TX · FDIC Cert #3334.

Closing date
November 19, 1982
Headquarters
Melvin, TX
FDIC Certificate
3334
Total assets at closing
$4.3M
Total deposits at closing
$4.1M
Estimated loss to the insurance fund
$2.2M
Insurance fund
FDIC insurance fund
Resolution
Failure (closed by regulators)

Context

On November 19, 1982, regulators closed Ranchlander National Bank, headquartered in Melvin, TX. At closing, the institution held approximately $4.3M in assets and $4.1M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the FDIC insurance fund was approximately $2.2M.

By assets at closing this is the 3017th largest of the 3,526 bank failures in the FDIC record, and the 32nd 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 Ranchlander National Bank fail?

Ranchlander National Bank was closed by regulators on November 19, 1982.

How big was Ranchlander National Bank when it failed?

Ranchlander National Bank had approximately $4.3M in total assets and $4.1M in deposits at the time of failure.

Other failures in 1982

Date Bank HQ Assets
Dec 16, 1982 The Security State Bank Mooreland, OK $11.6M
Dec 10, 1982 Bollinger County Bank Lutesville, MO $15.9M
Nov 19, 1982 North Kansas Sa Beloit, KS $36.5M
Nov 12, 1982 Bank of Quitman Quitman, AR $17.4M
Nov 5, 1982 The First National Bank of South Charlesto South Charleston, WV $28.6M
Nov 5, 1982 Texas BK of Amarillo Amarillo, TX $13.1M
Nov 2, 1982 Cedar Bluff Bank Cedar Bluff, AL $13.7M
Oct 8, 1982 Tri-State Bank Markham, IL $16.3M