Data / Bank failures / 1985 / Bank of Lockesburg
Bank of Lockesburg, Lockesburg, AR: failed May 31, 1985
Bank of Lockesburg in Lockesburg, Arkansas, failed on May 31, 1985. Bank of Lockesburg of Lockesburg, AR, took over its deposits. It held $25.5 million in assets and $23.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.4 million (28.9% of its assets). By assets it was the 102nd largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- May 31, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of Lockesburg, Lockesburg, AR
- Total assets
- $25,469,000
- Total deposits
- $23,508,000
- Estimated cost to the FDIC
- $7,365,804 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 13790
Other bank failures in Arkansas, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Firstsouth FS&LA | Pine Bluff | December 5, 1986 | $1.68 billion | $1.50 billion | $1.70 billion | Home FS&LA |
| Guaranty S&LA | Harrison | December 6, 1985 | $451.4 million | $316.5 million | $64.1 million | Superior Federal Bank, FSB |
| Jackson County National Bank | Tuckerman | August 9, 1984 | $13.3 million | $12.9 million | $5.3 million | First State Bank of Newp |
| The Corning Bank | Corning | June 15, 1984 | $32 million | $30.6 million | $13.8 million | Corning Bank |
| Prairie County Bank | Hazen | March 24, 1983 | $13.3 million | $12.1 million |
All bank failures in 1985 · All bank failures in Arkansas · 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.