Bank failure · AR

Bank of Lockesburg (Lockesburg, AR) — failed May 31, 1985

Bank of Lockesburg of Lockesburg, Arkansas was closed on May 31, 1985 and resolved through a purchase and assumption. Bank of Lockesburg (AR) took over its insured deposits. At failure it held $25.5M in assets and $23.5M in deposits. The FDIC's estimated loss on the failure is $7.4M (28.9% of assets).