Data / Bank failures / 1984 / The Corning Bank
The Corning Bank, Corning, AR: failed June 15, 1984
The Corning Bank in Corning, Arkansas, failed on June 15, 1984. Corning Bank of Corning, AR, took over its deposits. It held $32 million in assets and $30.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $13.8 million (43% of its assets). By assets it was the 45th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- June 15, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Corning Bank, Corning, AR
- Total assets
- $32,030,000
- Total deposits
- $30,570,000
- Estimated cost to the FDIC
- $13,765,780 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 5631
Other bank failures in Arkansas, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Firstsouth FS&LA | Pine Bluff | December 5, 1986 | $1.68 billion | $1.50 billion | $1.70 billion | Home FS&LA |
| Guaranty S&LA | Harrison | December 6, 1985 | $451.4 million | $316.5 million | $64.1 million | Superior Federal Bank, FSB |
| Bank of Lockesburg | Lockesburg | May 31, 1985 | $25.5 million | $23.5 million | $7.4 million | Bank of Lockesburg |
| Jackson County National Bank | Tuckerman | August 9, 1984 | $13.3 million | $12.9 million | $5.3 million | First State Bank of Newp |
| 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 |
| First Security Bank of North Arkansas | Horseshoe | August 27, 1982 | $14.1 million | $12.7 million | $2.6 million | Bank of Melbourne |
| Citizens Bank | Tillar | June 23, 1982 | $6.3 million | $5.6 million | $432,501 |
All bank failures in 1984 · All bank failures in Arkansas · 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.