Data / Bank failures / 1984 / Gamaliel Bank
Gamaliel Bank, Gamaliel, KY: failed April 19, 1984
Gamaliel Bank in Gamaliel, Kentucky, failed on April 19, 1984. Deposit Bank of Monroe C of Tompkinsville, KY, took over its deposits. It held $22.8 million in assets and $21.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.7 million (20.5% of its assets). By assets it was the 56th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- April 19, 1984
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Deposit Bank of Monroe C, Tompkinsville, KY
- Total assets
- $22,773,000
- Total deposits
- $21,509,000
- Estimated cost to the FDIC
- $4,664,742 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 9312
Other bank failures in Kentucky, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Lincoln FS&LA (assistance) | Louisville | December 31, 1986 | $460.8 million | $478.3 million | $93 million | First Nationwide SVG FS&LA |
| Continental National Bank of Kentucky | Louisville | June 26, 1986 | $10.1 million | $10.2 million | $405,098 | River City Bank Inc |
| Union Deposit Bank | Union | June 26, 1986 | $5.8 million | $5 million | $1.3 million | Central Trust Co |
| Home FS&LA (assistance) | Paducah | December 2, 1985 | $106.7 million | $106.1 million | $21.2 million | Republic Savings, FSB |
| Sparta-Sanders State Bank | Sparta | April 15, 1983 | $19 million | $18.5 million | $6.6 million | |
| Security FS&LA (assistance) | Mayfield | December 20, 1982 | $45.9 million | $42 million | $1.2 million | Lincoln FS&LA |
| First Home FS&LA (assistance) | Owensboro | December 20, 1982 | $83.6 million | $65.3 million | $3.2 million | Lincoln FS&LA |
| South East FS&LA (assistance) | Louisville | December 20, 1982 | $132.1 million | $111.8 million | $3.6 million | Lincoln FS&LA |
All bank failures in 1984 · All bank failures in Kentucky · 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.