Number of Banks Failed in year 1983

50


* Dollar amounts in thousands
# Institution Location Date Closed Deposits Assets Estimated Loss
1 VALLEY FIRST FS&LA EL CENTRO, CA 1983-01-14 33698 37110 N/A
2 THE MADISON COUNTY BANK FREDERICKTOWN, MO 1983-01-21 6758 7000 N/A
3 MANNING S&LA CHICAGO, IL 1983-02-03 60740 78654 N/A
4 STATE BANK OF BARNUM BARNUM, MN 1983-02-09 13056 13873 N/A
5 AMERICAN STATE BANK BRADLEY, IL 1983-02-12 13775 14124 N/A
6 MERCHANTS & FARMERS STATE BANK BLYTHE, CA 1983-02-18 5685 5908 N/A
7 AMERICAN CITY BANK LOS ANGLES, CA 1983-02-25 293937 319354 N/A
8 NEWPORT HARBOUR NATIONAL BANK NEWPORT BEACH, CA 1983-03-11 44035 47296 N/A
9 PAN AMERICAN NATIONAL BANK UNION CITY, NJ 1983-03-18 36307 37172 N/A
10 COLUMBIA PACIFIC BK & TR CO. PORTLAND, OR 1983-03-18 45696 47385 N/A
11 PRAIRIE COUNTY BANK HAZEN, AR 1983-03-24 12119 13251 N/A
12 BEAR CREEK VALLEY BANK PHOENIX, OR 1983-03-25 11164 13589 N/A
13 BANK OF SAN MARINO SAN MARINO, CA 1983-04-08 12754 12997 N/A
14 THE INA STATE BANK INA, IL 1983-04-08 16566 17743 N/A
15 SPARTA-SANDERS STATE BANK SPARTA, KY 1983-04-15 18517 19033 N/A
16 HERITAGE BANK ASHLAND, OR 1983-04-29 16254 18518 N/A
17 FIRST NAT BK OF OAK LAWN OAK LAWN, IL 1983-04-29 123278 130265 N/A
18 SMITH COUNTY BANK CARTHAGE, TN 1983-05-06 30898 32985 N/A
19 CITY & COUNTY BK OF ANDERSON CTY LAKE CITY, TN 1983-05-27 133943 142875 N/A
20 CITY & COUNTY BK OF ROANE CTY KINGSTON, TN 1983-05-27 40420 42232 N/A
21 UNITED AMERICAN BANK IN HAMILTON COUNTY CHATTANOOGA, TN 1983-05-27 125232 133834 N/A
22 CITY & COUNTY BK OF KNOX COUNTY KNOXVILLE, TN 1983-05-27 250036 262474 N/A
23 THE COMMERCIAL BK OF CALIFORNIA LOS ANGELES, CA 1983-05-27 30180 32437 N/A
24 UNITED SOUTHERN BK OF NASHVILLE NASHVILLE, TN 1983-05-27 135665 144171 N/A
25 COMMUNITY BANK HARTFORD, SD 1983-06-17 28291 32007 N/A
26 WESTERN NAT BK OF LOVELL LOVELL, WY 1983-06-24 23281 24804 N/A
27 MINERAL BK OF NEVADA LAS VEGAS, NV 1983-06-30 13131 18036 N/A
28 ANTIOCH S&LA ANTIOCH, IL 1983-07-08 52212 57936 N/A
29 UNION NAT BK OF CHICAGO CHICAGO, IL 1983-07-08 24360 26252 N/A
30 BANK OF NIOBRARA NIOBRARA, NE 1983-07-08 6123 7177 N/A
31 THE FIRST CENTRAL BANK SMITHVILLE, TN 1983-07-08 17851 18905 N/A
32 METRO BANK MIDLAND, TX 1983-07-29 31113 33607 N/A
33 FIRST PEOPLES BANK OF WASHINGTON COUNTY JOHNSON CITY, TN 1983-07-29 175010 177785 N/A
34 THE FIRST NAT BK OF DANVERS DANVERS, IL 1983-08-05 11659 12525 N/A
35 FIRST COMMERCE BK OF HAWKINS CTY ROGERSVILLE, TN 1983-08-12 44920 43097 N/A
36 UNITED SOUTHERN BANK OF CLARKSVILLE CLARKSVILLE, TN 1983-08-26 11494 9943 N/A
37 THE DOUGLASS STATE BANK KANSAS CITY, KS 1983-09-02 31156 35385 N/A
38 WARREN COUNTY BANK MCMINNIVILLE, TN 1983-09-16 18728 19639 N/A
39 NATIONAL BK OF ODESSA ODESSA, TX 1983-09-30 100531 92878 N/A
40 DOMINION BK OF DENVER DENVER, CO 1983-09-30 13724 16709 N/A
41 THE DESCHUTES BANK REDMOND, OR 1983-10-07 10021 10207 N/A
42 THE FIRST NAT BK OF MIDLAND MIDLAND, TX 1983-10-14 780076 1409639 N/A
43 CLEVELAND COMMUNITY SAVINGS CO. CLEVELAND, OH 1983-10-28 17336 21027 N/A
44 STATE OF CLOVIS, SA CLOVIS, NM 1983-11-03 30147 30904 N/A
45 FIRST NAT BK OF BROWNING BROWNING, MT 1983-11-11 13366 13703 N/A
46 ATKINSON TRUST & SAVINGS BANK ATKINSON, IL 1983-11-25 18511 21074 N/A
47 METRO FS&LA LAKE CHARLES, LA 1983-12-02 18509 27381 N/A
48 UNION TRUST COMPANY SAN JUAN, PR 1983-12-09 25653 30578 N/A
49 BANK OF HACKLEBURG HACKLEBURG, AL 1983-12-13 6421 6531 N/A
50 THE BANK OF RED OAK RED OAK, OK 1983-12-16 10489 11135 N/A

     
Quick Links
Yearly Failed Banks List
Historical Bank Failures(Since 1934)
Failed Banks Map
Asset-wise List
     

US Bank Failures Since 1934
FDIC Bank Failures since 1990


Cost of Bank Failures to FDIC


Total Deposits of All Banks Insured by FDIC since 1990


Cost of Bank Failures to FDIC

The Federal Deposit Insurance Corporation is an independent federal agency created in 1933 to promote public confidence and stability in the nation's banking system. The FDIC is often appointed as receiver for failed banks.

What is a bank failure?
A bank failure is the closing of a bank by a federal or state banking regulatory agency. Generally, a bank is closed when it is unable to meet its obligations to depositors and others. This brochure deals with the failure of "insured banks." The term "insured bank" means a bank insured by FDIC, including banks chartered by the federal government as well as most banks chartered by the state governments. An insured bank must display an official FDIC sign at each teller window.

What is FDIC's role in a bank failure?
In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank's deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the "Receiver" of the failed bank, assumes the task of selling/collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit.



What is the purpose of FDIC deposit insurance?
The FDIC protects depositors' funds in the unlikely event of the financial failure of their bank or savings institution. FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing.

What is the FDIC insurance amount?
The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category. This includes principal and accrued interest and applies to all depositors of an insured bank. Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank. Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured. For more information on deposit insurance coverage, see the FDIC's brochure "Your Insured Deposits" which can be accessed at www.fdic.gov/deposit/deposits/insured

Who does the FDIC insure?
Any person or entity can have FDIC insurance on a deposit. A depositor does not have to be a citizen, or even a resident of the United States. FDIC insurance only protects depositors, although some depositors may also be creditors or shareholders of an insured bank.

What does FDIC deposit insurance cover?
FDIC insurance covers deposits received at an insured bank. Types of deposit products include checking, NOW, and savings accounts, money market deposit accounts (MMDA), and time deposits such as certificates of deposit (CDs).

What is the source of funding used by the FDIC to pay insured depositors of a failed bank?
The FDIC's deposit insurance fund consists of premiums already paid by insured banks and interest earnings on its investment portfolio of U.S. Treasury securities. No federal or state tax revenues are involved.

How am I notified when my bank has been closed?
The FDIC notifies each depositor in writing using the depositor's address on record with the bank. This notification is mailed immediately after the bank closes. When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.


Source :  Federal Deposit Insurance Corporation


Notes :

* The Cost to DIF of $2.5 billion for "California National Bank" failed on 30th October,2009 is the total cost for all the 9 banks failed on that.