Data / Bank failures / 1983 / First FS&LA of Monroeville
First FS&LA of Monroeville, Monroeville, AL: received FDIC assistance December 30, 1983
First FS&LA of Monroeville in Monroeville, Alabama, received open bank assistance from the FDIC on December 30, 1983. It held $29.8 million in assets and $29.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.5 million (8.4% of its assets). By assets it was the 69th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- December 30, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Jefferson FS&LA, Birmingham, AL
- Total assets
- $29,779,540
- Total deposits
- $29,805,466
- Estimated cost to the FDIC
- $2,500,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31558
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 |
| Bank of Hackleburg | Hackleburg | December 13, 1983 | $6.5 million | $6.4 million | $1.8 million | Southtrust BK of Marion |
| 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 2026-10-24. 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.