Bank failure · AR

The Corning Bank (Corning, AR) — failed June 15, 1984

The Corning Bank of Corning, Arkansas was closed on June 15, 1984 and resolved through a purchase and assumption. Corning Bank (AR) took over its insured deposits. At failure it held $32.0M in assets and $30.6M in deposits. The FDIC's estimated loss on the failure is $13.8M (43.0% of assets).