Data / Bank failures / 1983
US bank failures in 1983: 50 banks closed
50 banks failed in 1983, holding $3.83 billion in assets and $3.04 billion in deposits. The FDIC estimates the cost to its insurance fund at $1.13 billion. The FDIC also assisted 49 open banks without closing them. The largest: The First Nat BK of Midland ($1.41 billion), American City Bank ($319.4 million), City & County BK of Knox County ($262.5 million). Most by state: TN 12, IL 9, CA 7, OH 6, MO 6.
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Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First FS&LA of Monroeville (assistance) | Monroeville | AL | December 30, 1983 | $29.8 million | $29.8 million | $2.5 million | Jefferson FS&LA |
| Citizens S&LA (assistance) | Middletown | OH | December 27, 1983 | $63.6 million | $50.9 million | $5.4 million | Middletown FS&LA |
| The Bank of Red Oak | Red Oak | OK | December 16, 1983 | $11.1 million | $10.5 million | $2.8 million | Farmers State Bank |
| Bank of Hackleburg | Hackleburg | AL | December 13, 1983 | $6.5 million | $6.4 million | $1.8 million | Southtrust BK of Marion |
| Union Trust Company | San Juan | PR | December 9, 1983 | $30.6 million | $25.7 million | $9.2 million | Banco Popular de Puerto |
| Metro FS&LA | Lake Charles | LA | December 2, 1983 | $27.4 million | $18.5 million | $10.9 million | |
| Bohemian S&LA (assistance) | ST. Louis | MO | December 1, 1983 | $168.6 million | $173.2 million | $2.5 million | Bohemian S&LA |
| Atkinson Trust & Savings Bank | Atkinson | IL | November 25, 1983 | $21.1 million | $18.5 million | $9.5 million | |
| FT. Wayne FS&LA (assistance) | Fort Wayne | IN | November 14, 1983 | $37 million | $31 million | $2.2 million | Standard FS&LA |
| American FS&LA (assistance) | Fort Wayne | IN | November 14, 1983 | $55.4 million | $46.4 million | $3.4 million | Standard FS&LA |
| South Bend FS&LA (assistance) | South Bend | IN | November 14, 1983 | $71.4 million | $71.5 million | $4.7 million | Standard FS&LA |
| First FS&LA of FT. Wayne (assistance) | Fort Wayne | IN | November 14, 1983 | $298.1 million | $267.2 million | $17.3 million | Standard FS&LA |
| First Nat BK of Browning | Browning | MT | November 11, 1983 | $13.7 million | $13.4 million | $3.1 million | |
| State of Clovis, Sa | Clovis | NM | November 3, 1983 | $30.9 million | $30.1 million | $20.8 million | |
| Cleveland Community Savings Co. | Cleveland | OH | October 28, 1983 | $21 million | $17.3 million | $15.9 million | |
| First Carolina FS&LA (assistance) | Columbia | SC | October 14, 1983 | $98.3 million | $96.5 million | Omni Savings Bank, FSB | |
| The First Nat BK of Midland | Midland | TX | October 14, 1983 | $1.41 billion | $780.1 million | $526.6 million | Republicbank 1ST Natl Mi |
| The Deschutes Bank | Redmond | OR | October 7, 1983 | $10.2 million | $10 million | $4.3 million | United States NB of Oreg |
| Auburn Savings Bank (assistance) | Auburn | NY | October 1, 1983 | $133.2 million | $131.4 million | Syracuse Savings Bank | |
| Security S&LA (assistance) | Ville Platte | LA | September 30, 1983 | $26.5 million | $25.1 million | $329,201 | Pelican Homestead & Sa |
| Bastrop FS&LA (assistance) | Bastrop | LA | September 30, 1983 | $32.9 million | $32.5 million | $983,152 | Pelican FS&LA |
| Dominion BK of Denver | Denver | CO | September 30, 1983 | $16.7 million | $13.7 million | $4 million | Central Bank at Stapleto |
| National BK of Odessa | Odessa | TX | September 30, 1983 | $92.9 million | $100.5 million | $22.7 million | First STB of Odessa NA |
| Warren County Bank | McMinniville | TN | September 16, 1983 | $19.6 million | $18.7 million | $8.8 million | Murfreesboro BANK&TRUST |
| The Douglass State Bank | Kansas City | KS | September 2, 1983 | $35.4 million | $31.2 million | $10.8 million | Douglass Bank |
| Citizens FS&LA of Marysville (assistance) | Marysville | OH | September 1, 1983 | $96.6 million | $89.2 million | Equitable FS&LA | |
| Community FS&LA (assistance) | Hialeah | FL | August 31, 1983 | $123.1 million | $101.8 million | $1.2 million | Ensign Bank FSB |
| Washington FS&LA (assistance) | New York | NY | August 31, 1983 | $645 million | $548.3 million | $11.8 million | Ensign Bank FSB |
| Gary FS&LA (assistance) | Gary | IN | August 31, 1983 | $15.2 million | $15.7 million | $1.1 million | Citizens FS&LA |
| 1ST FS&LA of E. Chicago (assistance) | East Chicago | IN | August 31, 1983 | $209.5 million | $211.1 million | $12.1 million | Citizens FS&LA |
| Suburban S&LA (assistance) | Wayne | NJ | August 31, 1983 | $2.02 billion | $1.75 billion | $60 million | Anchor SB FSB NJ |
| United Southern Bank of Clarksville | Clarksville | TN | August 26, 1983 | $9.9 million | $11.5 million | $6 million | First American NB Nashvi |
| Gibraltar S&LA (assistance) | Maplewood | MO | August 12, 1983 | $48.9 million | $43.7 million | $2 million | Roosevelt FS&LA |
| First Commerce BK of Hawkins Cty | Rogersville | TN | August 12, 1983 | $43.1 million | $44.9 million | $16.8 million | Hamilton Bank of Johnson |
| MT. Vernon S&LA (assistance) | Rosslyn | VA | August 5, 1983 | $117.8 million | $118 million | $18.6 million | First Florida FSB |
| Middle Pnsla NRTH. Neck FS&LA (assistance) | Gloucester | VA | August 5, 1983 | $44.7 million | $41.9 million | $4.3 million | First Florida FSB |
| First Florida S&LA (assistance) | Gainesville | FL | August 5, 1983 | $80.8 million | $70.5 million | $7.7 million | Metropolitan SB |
| Oregon Mutual Savings Bank (assistance) | Portland | OR | August 5, 1983 | $265.7 million | $251.3 million | $11.9 million | Oregon Mutual Savings Bank |
| The First Nat BK of Danvers | Danvers | IL | August 5, 1983 | $12.5 million | $11.7 million | $3.2 million | First State Bank of Danv |
| Metro Bank | Midland | TX | July 29, 1983 | $33.6 million | $31.1 million | $13.2 million | Mid-Cities National Bank |
| First Peoples Bank of Washington County | Johnson City | TN | July 29, 1983 | $177.8 million | $175 million | $72.5 million | First Amn Natl Bank-East |
| Guaranty FS&LA (assistance) | Taylor | MI | July 22, 1983 | $143.4 million | $133.5 million | $1 million | Guaranty FS&LA |
| Antioch S&LA | Antioch | IL | July 8, 1983 | $57.9 million | $52.2 million | $3.2 million | |
| Union Nat BK of Chicago | Chicago | IL | July 8, 1983 | $26.3 million | $24.4 million | $4.4 million | |
| Bank of Niobrara | Niobrara | NE | July 8, 1983 | $7.2 million | $6.1 million | $2.7 million | FARMERS&MERCHANTS STB BL |
| The First Central Bank | Smithville | TN | July 8, 1983 | $18.9 million | $17.9 million | $5.5 million | City BANK&TRUST Co |
| Provident S&LA (assistance) | Philadelphia | PA | July 5, 1983 | $51 million | $48 million | $1.5 million | Atlantic Financial Federal |
| Mutual FS&LA of Mason City (assistance) | Mason City | IA | July 1, 1983 | $118.8 million | $103.7 million | $6.8 million | American FS&LA |
| Mineral BK of Nevada | Las Vegas | NV | June 30, 1983 | $18 million | $13.1 million | ||
| Colonial Sa (assistance) | Houston | TX | June 24, 1983 | $90 million | $83.6 million | $518,851 | TCF Banking & Savings FA |
| Northern FS&LA (assistance) | ST. Paul | MN | June 24, 1983 | $267.3 million | $135.4 million | $1.8 million | Twin City FS&LA |
| Western Nat BK of Lovell | Lovell | WY | June 24, 1983 | $24.8 million | $23.3 million | $363,154 | |
| Community Bank | Hartford | SD | June 17, 1983 | $32 million | $28.3 million | $5.9 million | Western Bank |
| First Dakota Home S&LA (assistance) | Pierre | SD | June 10, 1983 | $27.8 million | $26.1 million | $1.8 million | Home FS&LA Sioux Falls |
| First FS&LA of Sioux Falls (assistance) | Sioux Falls | SD | June 10, 1983 | $78 million | $75.3 million | $6.9 million | Home FS&LA Sioux Falls |
| Jackson FS&LA (assistance) | Jackson | MS | June 6, 1983 | $34.5 million | $23.8 million | $128,000 | First Jackson SB FSB |
| Women's FS&LA (assistance) | Cleveland | OH | June 3, 1983 | $570.2 million | $513 million | $26 million | Women's Federal Savings Ban |
| First FS&LA of Walworth County (assistance) | Delavan | WI | June 2, 1983 | $38.3 million | $32.4 million | $2.6 million | Anchor SAVINGS&LOAN Assn |
| Continental S&LA (assistance) | New Orleans | LA | May 31, 1983 | $40 million | $28.6 million | $2.9 million | South SAVINGS&LOAN Assn |
| The Commercial BK of California | Los Angeles | CA | May 27, 1983 | $32.4 million | $30.2 million | $172,087 | First Credit Bank |
| United Southern BK of Nashville | Nashville | TN | May 27, 1983 | $144.2 million | $135.7 million | $37.8 million | Union Planters NB of Mem |
| City & County BK of Knox County | Knoxville | TN | May 27, 1983 | $262.5 million | $250 million | $114.4 million | Bank of Knoxville |
| United American Bank in Hamilton County | Chattanooga | TN | May 27, 1983 | $133.8 million | $125.2 million | $19.1 million | Union Planters NB of Mem |
| City & County BK of Anderson Cty | Lake City | TN | May 27, 1983 | $142.9 million | $133.9 million | $59.4 million | Third NB in Anderson Cou |
| City & County BK of Roane Cty | Kingston | TN | May 27, 1983 | $42.2 million | $40.4 million | $13.1 million | Bank of Oak Ridge |
| Smith County Bank | Carthage | TN | May 6, 1983 | $33 million | $30.9 million | $4.7 million | Murfreesboro BANK&TRUST |
| Heritage Bank | Ashland | OR | April 29, 1983 | $18.5 million | $16.3 million | $4.5 million | Valley of the Rogue Bank |
| First Nat BK of Oak Lawn | Oak Lawn | IL | April 29, 1983 | $130.3 million | $123.3 million | $21.4 million | Oak Lawn National Bank |
| Guaranty S&LA (assistance) | Pittsburgh | PA | April 28, 1983 | $182.9 million | $135.2 million | $11.3 million | Horizon Financial FA |
| Sparta-Sanders State Bank | Sparta | KY | April 15, 1983 | $19 million | $18.5 million | $6.6 million | |
| Northwestern S&LA (assistance) | Normandy | MO | April 11, 1983 | $82.5 million | $69.3 million | $11.9 million | Roosevelt FS&LA |
| Bank of San Marino | San Marino | CA | April 8, 1983 | $13 million | $12.8 million | $1.7 million | Trans American National |
| The Ina State Bank | Ina | IL | April 8, 1983 | $17.7 million | $16.6 million | $2.8 million | First B&T Co MT Vernon |
| Biscayne FS&LA (assistance) | Miami | FL | April 6, 1983 | $1.89 billion | $1.73 billion | $389,000 | Citicorp Savings of Florida |
| North Mississippi S&LA (assistance) | Clarksdale | MS | April 1, 1983 | $152 million | $130.5 million | $42.7 million | Security S&LA |
| Bear Creek Valley Bank | Phoenix | OR | March 25, 1983 | $13.6 million | $11.2 million | $4.8 million | Valley of the Rogue Bank |
| Prairie County Bank | Hazen | AR | March 24, 1983 | $13.3 million | $12.1 million | ||
| Twin Pines FS&LA (assistance) | Berkeley | CA | March 21, 1983 | $45.9 million | $41.1 million | $2 million | Cal America S&LA |
| Columbia Pacific BK & TR Co. | Portland | OR | March 18, 1983 | $47.4 million | $45.7 million | $213,427 | |
| Pan American National Bank | Union City | NJ | March 18, 1983 | $37.2 million | $36.3 million | $5 million | Hudson United Bank |
| Newport Harbour National Bank | Newport Beach | CA | March 11, 1983 | $47.3 million | $44 million | $9.7 million | Trans American National |
| Peninsula FS&LA (assistance) | Newport News | VA | March 5, 1983 | $95.9 million | $76.1 million | $1.9 million | Bay Savings Bank FSB |
| First FS&LA of Newport News (assistance) | Newport News | VA | March 5, 1983 | $94.6 million | $86.3 million | $4.4 million | Bay Savings Bank, FSB |
| Leader S&LA (assistance) | Monroe | LA | March 4, 1983 | $229.8 million | $139.8 million | $8 million | Pelican Homestead S&LA |
| United S&LA (assistance) | Cincinnati | OH | March 1, 1983 | $102.1 million | $68.6 million | $8.1 million | Gem Sa |
| Gem FS&LA (assistance) | Norwood | OH | March 1, 1983 | $16.8 million | $11.1 million | $976,978 | Gem Sa |
| Carondelet S&LA Also Case 115 (assistance) | ST. Louis | MO | February 28, 1983 | $740.6 million | $645.6 million | $51.3 million | Community FS&LA |
| First FS&LA of Moberly (assistance) | Moberly | MO | February 28, 1983 | $38.7 million | $30 million | $2.3 million | Community FS&LA |
| American City Bank | Los Angles | CA | February 25, 1983 | $319.4 million | $293.9 million | $25.3 million | Central Bank |
| Merchants & Farmers State Bank | Blythe | CA | February 18, 1983 | $5.9 million | $5.7 million | $972,215 | Credit Bank |
| United American BK in Knoxville (assistance) | Knoxville | TN | February 14, 1983 | $760.5 million | $590.9 million | $266.4 million | First TN Bank Knoxville |
| Metropolitan Sa (assistance) | Farmington | MI | February 12, 1983 | $395.9 million | $254 million | $1.5 million | Empire of America, Fsa |
| American State Bank | Bradley | IL | February 12, 1983 | $14.1 million | $13.8 million | $1.2 million | Midwest T&SB of Bradley |
| Dry Dock Savings Bank (assistance) | New York | NY | February 9, 1983 | $2.45 billion | $2.04 billion | $59.4 million | Dollar-Dry SB of Ny |
| State Bank of Barnum | Barnum | MN | February 9, 1983 | $13.9 million | $13.1 million | $1.7 million | |
| Manning S&LA | Chicago | IL | February 3, 1983 | $78.7 million | $60.7 million | $19.8 million | |
| The Madison County Bank | Fredericktown | MO | January 21, 1983 | $7 million | $6.8 million | $729,623 | Madison Exchange Bank |
| Valley First FS&LA | El Centro | CA | January 14, 1983 | $37.1 million | $33.7 million | $-7,434,200 | Home FS&LA |
| Lansing FS&LA (assistance) | Lansing | IL | January 6, 1983 | $45.8 million | $44.5 million | $1.9 million | First FS of Hegewisch |
Other years
- 2026 4
- 2025 2
- 2024 2
- 2023 5
- 2020 4
- 2019 4
- 2017 8
- 2016 5
- 2015 8
- 2014 18
- 2013 24
- 2012 51
- 2011 92
- 2010 157
- 2009 148
- 2008 30
- 2007 3
- 2004 4
- 2003 3
- 2002 11
- 2001 4
- 2000 7
- 1999 8
- 1998 3
- 1997 1
- 1996 6
- 1995 8
- 1994 15
- 1993 50
- 1992 181
- 1991 271
- 1990 382
- 1989 534
- 1988 470
- 1987 262
- 1986 204
- 1985 180
- 1984 106
- 1982 119
- 1981 40
- 1980 22
- 1979 10
- 1978 7
- 1977 6
- 1976 17
- 1975 13
- 1974 4
- 1973 6
- 1972 2
- 1971 7
- 1970 7
- 1969 9
- 1968 3
- 1967 4
- 1966 7
- 1965 5
- 1964 7
- 1963 2
- 1962 1
- 1961 5
- 1960 1
- 1959 3
- 1958 4
- 1957 1
- 1956 2
- 1955 5
- 1954 2
- 1953 2
- 1952 3
- 1951 2
- 1950 4
- 1949 4
- 1948 3
- 1947 5
- 1946 1
- 1945 1
- 1944 2
- 1943 5
- 1942 20
- 1941 15
- 1940 43
- 1939 60
- 1938 74
- 1937 75
- 1936 69
- 1935 25
- 1934 9
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.