# BANK OF LOCKESBURG

> **Failed bank** · LOCKESBURG, AR · failed 1985-05-31 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

BANK OF LOCKESBURG of LOCKESBURG, AR was closed by regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $24M
- **Assets at failure:** $25M
- **Acquiring bank:** BANK OF LOCKESBURG (LOCKESBURG, AR)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF LOCKESBURG (FDIC ID 999), failed 1985-05-31. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/999.

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