Bank failure · AL
Bank of Hackleburg (Hackleburg, AL) — failed December 13, 1983
Bank of Hackleburg of Hackleburg, Alabama was closed on December 13, 1983 and resolved through a purchase and assumption. Southtrust Bk of Marion (AL) took over its insured deposits. At failure it held $6.5M in assets and $6.4M in deposits. The FDIC's estimated loss on the failure is $1.8M (28.3% of assets).
- Closing date
- December 13, 1983
- FDIC certificate #
- 1731
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Southtrust Bk of Marion
- Insurance fund
- FDIC
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