Data / Bank failures / 1982 / Bank of Quitman
Bank of Quitman, Quitman, AR: failed November 12, 1982
Bank of Quitman in Quitman, Arkansas, failed on November 12, 1982. First NB of Cleburne Cou of Heber Springs, AR, took over its deposits. It held $17.4 million in assets and $16.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.4 million (8.1% of its assets). By assets it was the 91st largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- November 12, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First NB of Cleburne Cou, Heber Springs, AR
- Total assets
- $17,359,000
- Total deposits
- $16,318,000
- Estimated cost to the FDIC
- $1,411,663 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 12527
Other bank failures in Arkansas, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 | ||
| First Security Bank of North Arkansas | Horseshoe | August 27, 1982 | $14.1 million | $12.7 million | $2.6 million | Bank of Melbourne |
| Citizens Bank | Tillar | June 23, 1982 | $6.3 million | $5.6 million | $432,501 |
All bank failures in 1982 · 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.