Number of Banks Failed in year 1984

83


* Dollar amounts in thousands
# Institution Location Date Closed Deposits Assets Estimated Loss
1 FARMERS BK & TR CO. WINCHESTER, TN 1984-01-06 48269 48606 N/A
2 CITY & COUNTY BK OF JEFFERSON CT WHITE PINE, TN 1984-01-20 22775 21712 N/A
3 INDIAN SPRINGS STATE BANK KANSAS CITY, KS 1984-01-27 27345 30896 N/A
4 UNION MUTUAL S&LA RICHMOND, VA 1984-01-27 7945 8641 N/A
5 EMERALD EMPIRE BANKING CO. SPRINGFIELD, OR 1984-02-03 21331 22278 N/A
6 THE TUCKER COUNTY BANK PARSONS, WV 1984-02-03 14785 15437 N/A
7 HERITAGE BANK OF BUREAU COUNTY DEPUE, IL 1984-02-08 7846 8706 N/A
8 WEST OLYMPIA BANK LOS ANGELES, CA 1984-02-10 19916 20411 N/A
9 BROWNFIELD STATE BK & TR CO. BROWNFIELD, TX 1984-02-17 37585 38854 N/A
10 ALL AMERICAN NATIONAL BANK VIRGINA GARDENS, FL 1984-03-02 12033 13855 N/A
11 UNITED BANK OF OREGON MILWAUKIE, OR 1984-03-02 16056 17258 N/A
12 NATIONAL BANK AND TRUST COMPANY OF TRAVERS TRAVERSE CITY, MI 1984-03-09 97825 103968 N/A
13 EMPIRE S&LA MESQUITE, TX 1984-03-14 303451 332512 N/A
14 SEMINOLE STATE NATIONAL BANK SEMINOLE, TX 1984-03-16 48364 51131 N/A
15 HERITAGE BANK ANAHEIM, CA 1984-03-16 180425 186068 N/A
16 AMERICAN S&LA BILOXI, MS 1984-04-03 15631 9444 N/A
17 WATAUGA VALLEY BANK ELIZABETHTON, TN 1984-04-06 14880 15393 N/A
18 FIRST SECURITY BANK ERWIN, TN 1984-04-06 21289 22457 N/A
19 SECURITY NATIONAL BK OF LUBBOCK LUBBOCK, TX 1984-04-13 49854 51404 N/A
20 GAMALIEL BANK GAMALIEL, KY 1984-04-19 21509 22773 N/A
21 THE SHELBY NAT BK OF SHELBYVILLE SHELBYVILLE, IN 1984-04-19 65542 67778 N/A
22 UNITED OF AMERICA BANK CHICAGO, IL 1984-04-26 36913 38145 N/A
23 WEST COAST BANK LOS ANGELES, CA 1984-04-27 189986 198210 N/A
24 CITIZENS BK OF MONROE COUNTY TELICO PLAINS, TN 1984-04-27 20643 21099 N/A
25 THE FIRST NAT BK OF RUSHFORD RUSHFORD, MN 1984-05-04 21360 21991 N/A
26 STATE BANK OF MILLS MILLS, WY 1984-05-04 6424 7240 N/A
27 FIRST NATIONAL BANK SNYDER, TX 1984-05-04 22169 23518 N/A
28 WESTERN NATIONAL BK OF CASPER CASPER, WY 1984-05-04 23329 27373 N/A
29 THE NAT BK OF CARMEL CARMEL-BY-THE-SEA, CA 1984-05-08 68381 76185 N/A
30 THE MISSISSIPPI BANK JACKSON, MS 1984-05-11 182956 238037 N/A
31 FIRST CONTINENTAL BANK & TRUST COMPANY OF DEL CITY, OK 1984-05-11 104028 107237 N/A
32 PLANTERS TRUST & SAVINGS BANK OF OPELOUSAS OPELOUSAS, LA 1984-05-18 66396 71427 N/A
33 BLEDSOE COUNTY BANK PIKEVILLE, TN 1984-05-18 5402 5272 N/A
34 BANK OF IRVINE IRVINE, CA 1984-05-18 29401 30992 N/A
35 WASHINGTON NAT BK OF CHICAGO CHICAGO, IL 1984-05-18 13809 14077 N/A
36 FIRST NAT BK OF PRIOR LAKE PRIOR LAKE, MN 1984-05-24 11494 12231 N/A
37 GARDEN GROVE COMMUNITY BANK GARDEN GROVE, CA 1984-06-01 41127 43892 N/A
38 CHEROKEE COUNTY BANK CENTRE, AL 1984-06-05 37588 39391 N/A
39 STEWARDSHIP BANK OF OREGON PORTLAND, OR 1984-06-08 5843 6314 N/A
40 FARMERS STATE BANK LYONS, SD 1984-06-15 2984 3231 N/A
41 THE CORNING BANK CORNING, AR 1984-06-15 30570 32030 N/A
42 THE LAWRENCE COUNTY BANK LAWRENCEBURG, TN 1984-06-15 24521 25155 N/A
43 REPUBLIC BK OF KANSAS CITY KANSAS CITY, MO 1984-06-18 38328 41326 N/A
44 THE FARMERS NAT BK OF AURELIA AURELIA, IA 1984-06-21 19142 19900 N/A
45 AMERICAN BANK SAINT JOSEPH, TN 1984-06-27 29811 32993 N/A
46 EAST TEXAS BK & TR CO. LONGVIEW, TX 1984-06-29 97121 106092 N/A
47 THE COFFEEN NATIONAL BANK COFFEEN, IL 1984-07-12 9374 9359 N/A
48 THE GUARANTY BK OF SAINT PAUL ST. PAUL, MN 1984-07-19 27461 28619 N/A
49 COALMONT SAVINGS BANK COALMONT, TN 1984-07-24 24039 25716 N/A
50 JACKSON COUNTY NATIONAL BANK TUCKERMAN, AR 1984-08-09 12941 13254 N/A
51 PEOPLES STATE BANK OF CLAY COUNTY POLAND, IN 1984-08-10 17106 17724 N/A
52 THE TINGLEY STATE SAVINGS BANK MOUNT AYR, IA 1984-08-10 18478 19404 N/A
53 AMERICAN NAT BK IN MCLEAN MCLEAN, TX 1984-08-16 13408 14271 N/A
54 GIROD TRUST COMPANY SAN JUAN, PR 1984-08-16 289698 405685 N/A
55 THE FIRST STATE BANK THAYER, KS 1984-08-22 11224 12163 N/A
56 HEREFORD STATE BANK HEREFORD, CO 1984-08-24 2476 2707 N/A
57 BANK OF THE NORTHWEST EUGENE, OR 1984-08-31 19793 21780 N/A
58 DAVID CITY BANK DAVID CITY, NE 1984-09-06 18801 21321 N/A
59 OAKLAND SAVINGS BANK OAKLAND, IA 1984-09-07 19921 22101 N/A
60 COMMUNITY BK & TR CO. ENID, OK 1984-09-14 28002 32236 N/A
61 BANK OF VERDIGRE & TRUST COMPANY VERDIGRE, NE 1984-09-19 12729 13356 N/A
62 CENTURY NATIONAL BANK JACKSONVILLE, FL 1984-09-20 13267 13207 N/A
63 SECURITY STATE BANK WEATHERFORD, OK 1984-09-21 48462 50126 N/A
64 THE FARMERS & MERCHANTS BANK TECUMSEH, OK 1984-10-05 30968 31139 N/A
65 THE REXFORD STATE BANK REXFORD, KS 1984-10-10 5294 5770 N/A
66 BUCKLIN STATE BANK OF BUCKLIN BUCKLIN, MO 1984-10-12 15265 16133 N/A
67 ONEIDA BK & TR CO. ONEIDA, TN 1984-10-12 5445 6292 N/A
68 AMERICAN STATE BANK THOMAS, OK 1984-10-19 22195 23869 N/A
69 FARMERS STATE BANK KILGORE, NE 1984-10-24 5538 6082 N/A
70 THE BANK OF CODY CODY, NE 1984-10-24 9380 10277 N/A
71 STATE BANK OF BOYD BOYD, MN 1984-10-24 6221 7117 N/A
72 THE FIRST NAT BK OF GAYLORD GAYLORD, KS 1984-10-25 6074 6426 N/A
73 SAVANNAH FS&LA SAVANNAH, TN 1984-11-16 14507 19343 N/A
74 FIRST AMERICAN BANKING COMPANY PENDLETON, OR 1984-11-16 15269 18630 N/A
75 THE STRONG CITY STATE BANK STRONG CITY, KS 1984-11-29 4746 5026 N/A
76 THE DAYTON BK & TR CO. DAYTON, TN 1984-11-30 50035 51433 N/A
77 GOLDEN SPIKE STATE BANK TREMONTON, UT 1984-12-04 7269 7788 N/A
78 FARMERS STATE BK OF HOLYOKE HOLYOKE, CO 1984-12-07 3578 3901 N/A
79 SAN MARINO S&LA SAN MARINO, CA 1984-12-07 212229 856806 N/A
80 UNIVERSITY BANK OF WICHITA WICHITA, KS 1984-12-11 4474 4700 N/A
81 UEHLING STATE BANK UEHLING, NE 1984-12-18 3713 4224 N/A
82 THE FARMERS STATE BANK SELDEN, KS 1984-12-20 13697 14578 N/A
83 FIRST SECURITY BANK SANDWICH, IL 1984-12-22 12101 13422 N/A

     
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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.