Bank failure · MO

The Clarksdale Bank of Clarkdale (Clarksdale, MO) — failed November 21, 1985

The Clarksdale Bank of Clarkdale of Clarksdale, Missouri was closed on November 21, 1985 and resolved through a purchase and assumption. United Mo Bank of Clarks (MO) took over its insured deposits. At failure it held $6.2M in assets and $5.8M in deposits. The FDIC's estimated loss on the failure is $2.0M (31.7% of assets).