Bank failure · AL

Cedar Bluff Bank (Cedar Bluff, AL) — failed November 2, 1982

Cedar Bluff Bank of Cedar Bluff, Alabama was closed on November 2, 1982 and resolved through a purchase and assumption. Union State Bank (AL) took over its insured deposits. At failure it held $13.7M in assets and $12.7M in deposits. The FDIC's estimated loss on the failure is $1.5M (11.0% of assets).