# BANK OF QUITMAN

> **Failed bank** · QUITMAN, AR · failed 1982-11-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

BANK OF QUITMAN of QUITMAN, AR was closed by regulators on **1982-11-12**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST NB OF CLEBURNE COU** (HEBER SPRINGS, AR). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 727
- **FDIC Certificate:** 12527
- **FDIC FIN:** 2330
- **Bank name:** BANK OF QUITMAN
- **Location:** QUITMAN, AR
- **Failure date:** 1982-11-12
- **FDIC resolution date:** 1982-11-12
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $16M
- **Assets at failure:** $17M
- **Acquiring bank:** FIRST NB OF CLEBURNE COU (HEBER SPRINGS, AR)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20QUITMAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF QUITMAN (FDIC ID 727), failed 1982-11-12. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/727.

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