Data / Bank failures / 1982 / Cedar Bluff Bank
Cedar Bluff Bank, Cedar Bluff, AL: failed November 2, 1982
Cedar Bluff Bank in Cedar Bluff, Alabama, failed on November 2, 1982. Union State Bank of Cedar Bluff, AL, took over its deposits. It held $13.7 million in assets and $12.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.5 million (11% of its assets). By assets it was the 100th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- November 2, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Union State Bank, Cedar Bluff, AL
- Total assets
- $13,685,000
- Total deposits
- $12,735,000
- Estimated cost to the FDIC
- $1,501,037 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 9053
Other bank failures in Alabama, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Bank of Hackleburg | Hackleburg | December 13, 1983 | $6.5 million | $6.4 million | $1.8 million | Southtrust BK of Marion |
| East Gadsden Bank | Gadsden | December 31, 1980 | $44 million | $40.7 million | $957,432 | Central Bank of Alabama |
Other failed banks Union State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Reliance Bank | White Plains | NY | March 19, 2004 | $28.6 million | $27.9 million | $919,070 | Union State Bank |
All bank failures in 1982 · All bank failures in Alabama · Every failed bank Union State Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.