Data / Bank failures / 1983 / Sparta-Sanders State Bank
Sparta-Sanders State Bank, Sparta, KY: failed April 15, 1983
Sparta-Sanders State Bank in Sparta, Kentucky, failed on April 15, 1983. It held $19 million in assets and $18.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6.6 million (34.9% of its assets). By assets it was the 78th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- April 15, 1983
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $19,033,000
- Total deposits
- $18,517,000
- Estimated cost to the FDIC
- $6,636,192 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 15301
Other bank failures in Kentucky, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Home FS&LA (assistance) | Paducah | December 2, 1985 | $106.7 million | $106.1 million | $21.2 million | Republic Savings, FSB |
| Gamaliel Bank | Gamaliel | April 19, 1984 | $22.8 million | $21.5 million | $4.7 million | Deposit Bank of Monroe C |
| 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 1983 · 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.