Data / Bank failures / 1982 / First Security Bank of North Arkansas
First Security Bank of North Arkansas, Horseshoe, AR: failed August 27, 1982
First Security Bank of North Arkansas in Horseshoe, Arkansas, failed on August 27, 1982. Bank of Melbourne of Melbourne, AR, took over its deposits. It held $14.1 million in assets and $12.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.6 million (18.6% of its assets). By assets it was the 95th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- August 27, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of Melbourne, Melbourne, AR
- Total assets
- $14,148,000
- Total deposits
- $12,728,000
- Estimated cost to the FDIC
- $2,630,605 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 1758
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 | ||
| Bank of Quitman | Quitman | November 12, 1982 | $17.4 million | $16.3 million | $1.4 million | First NB of Cleburne Cou |
| 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.