Bank Failure
The Belle-Bland Bank
Closed July 2, 1982 · Bland, MO · FDIC Cert #13586.
- Closing date
- July 2, 1982
- Headquarters
- Bland, MO
- FDIC Certificate
- 13586
- Total assets at closing
- $4.3M
- Total deposits at closing
- $3.9M
- Estimated loss to DIF
- $1.0M
- Resolution
- Failure (closed by regulators)
- Acquirer
- Eagle Bank of Gasconade
Context
On July 2, 1982, regulators closed The Belle-Bland Bank, headquartered in Bland, MO. At closing, the institution held approximately $4.3M in assets and $3.9M in deposits. The FDIC arranged a resolution under which Eagle Bank of Gasconade acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $1.0M.
By assets at closing this is the 3020th largest of the 3,524 bank failures in the FDIC record, and the 33rd 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 The Belle-Bland Bank fail?
The Belle-Bland Bank was closed by regulators on July 2, 1982.
Who acquired The Belle-Bland Bank?
Eagle Bank of Gasconade acquired the failed bank's deposits and operations on July 2, 1982 under an FDIC-brokered resolution.
How big was The Belle-Bland Bank when it failed?
The Belle-Bland Bank had approximately $4.3M in total assets and $3.9M in deposits at the time of failure.
Other failures in 1982
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1982 | The Security State Bank | $11.6M |
| Dec 10, 1982 | Bollinger County Bank | $15.9M |
| 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 |
Explore: all failures · MO bank events · 1982 events · events hub