BANK OF LOCKESBURG Failed 1985

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

What happened

BANK OF LOCKESBURG of LOCKESBURG, AR was closed on 1985-05-31. The FDIC was named receiver.

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

Deposits were transferred to BANK OF LOCKESBURG (LOCKESBURG, AR). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
999
FDIC Certificate
13790
FDIC FIN
2467
Bank name
BANK OF LOCKESBURG
Location
LOCKESBURG, AR
Failure date
1985-05-31
FDIC resolution date
1985-05-31
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.)
$7M
Deposits at failure
$24M
Assets at failure
$25M
Acquiring bank
BANK OF LOCKESBURG (LOCKESBURG, AR)