Data / Bank failures / 1983 / Bank of Hackleburg
Bank of Hackleburg, Hackleburg, AL: failed December 13, 1983
Bank of Hackleburg in Hackleburg, Alabama, failed on December 13, 1983. Southtrust BK of Marion of Hamilton, AL, took over its deposits. It held $6.5 million in assets and $6.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.8 million (28.3% of its assets). By assets it was the 98th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- December 13, 1983
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Southtrust BK of Marion, Hamilton, AL
- Total assets
- $6,531,000
- Total deposits
- $6,421,000
- Estimated cost to the FDIC
- $1,846,882 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 1731
Other bank failures in Alabama, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Commercial Bank (assistance) | Andalusia | August 16, 1985 | $77.8 million | $76.4 million | The Commercial Bank | |
| The First National Bank of Jacksonville | Jacksonville | July 5, 1985 | $43.3 million | $39.6 million | $9.1 million | Amsouth Bank of Jacksonv |
| Cherokee County Bank | Centre | June 5, 1984 | $39.4 million | $37.6 million | $7.1 million | First Albank of Anniston |
| First FS&LA of Monroeville (assistance) | Monroeville | December 30, 1983 | $29.8 million | $29.8 million | $2.5 million | Jefferson FS&LA |
| Cedar Bluff Bank | Cedar Bluff | November 2, 1982 | $13.7 million | $12.7 million | $1.5 million | Union State Bank |
All bank failures in 1983 · All bank failures in Alabama · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.