BANK OF HACKLEBURG Failed 1983

HACKLEBURG, AL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

BANK OF HACKLEBURG of HACKLEBURG, AL was closed on 1983-12-13. The FDIC was named receiver.

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

Deposits were transferred to SOUTHTRUST BK OF MARION (HAMILTON, AL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
839
FDIC Certificate
1731
FDIC FIN
2367
Bank name
BANK OF HACKLEBURG
Location
HACKLEBURG, AL
Failure date
1983-12-13
FDIC resolution date
1983-12-13
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$2M
Deposits at failure
$6M
Assets at failure
$7M
Acquiring bank
SOUTHTRUST BK OF MARION (HAMILTON, AL)