34 failures · $4.7 billion in assets
Bank failures in 1982
34 insured banks failed in 1982, up from 9 in 1981. Together they reported $4.7 billion in assets, and the FDIC's estimated loss on them is $388 million. The largest was LaSalle Bank, F.S.B. of Chicago, Illinois, at $3.4 billion. Illinois led with 6 failures, ahead of Texas with 6. The FDIC also recorded 85 assistance transactions that year, kept open rather than closed, and listed separately below.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 1982: Illinois 6, Texas 6, Tennessee 3, Arkansas 3, Iowa 2, California 2, Missouri 2, Oklahoma 2, Florida 1, Virginia 1, Michigan 1, Puerto Rico 1 and others.
Explore
Filter and sort the 1982 failures by state, size or loss. Other years: 1981 · 1983.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| February 6, 1982 | The First National Bank and Trust Company of Tuscola | Tuscola, IL | $22.1 million | $2.7 million |
| February 12, 1982 | Metropolitan Bank and Trust Company | Tampa, FL | $267 million | none |
| February 20, 1982 | LaSalle Bank, F.S.B. | Chicago, IL | $3.4 billion | $255 million |
| February 20, 1982 | Bank of Yorkville | Yorkville, TN | $7.1 million | $1.4 million |
| March 1, 1982 | The Bank of Woodson | Woodson, TX | $3.9 million | $271 thousand |
| April 2, 1982 | The First National Bank in Humboldt | Humboldt, IA | $55.4 million | none |
| April 3, 1982 | Aquia Bank and Trust Company | Stafford, VA | $14.0 million | $3.5 million |
| April 16, 1982 | National Security Bank | Tyler, TX | $8.5 million | $575 thousand |
| April 29, 1982 | Pacific Coast Bank | San Diego, CA | $9.8 million | $4.9 million |
| April 30, 1982 | Carroll County Bank | Huntington, TN | $8.7 million | $2.1 million |
| May 1, 1982 | Coles County National Bank of Charleston | Charleston, IL | $26.8 million | $2.2 million |
| May 15, 1982 | Community Bank of Washtenaw | Ypsilantai, MI | $19.9 million | $243 thousand |
| June 12, 1982 | Banco Regional | Bayamon, PR | $21.4 million | $320 thousand |
| June 23, 1982 | Citizens Bank | Tillar, AR | $6.3 million | $433 thousand |
| June 25, 1982 | Farmers State Bank of Lewistown | Lewiston, IL | $30.9 million | $8.2 million |
| July 2, 1982 | The Belle-Bland Bank | Bland, MO | $4.3 million | $1.0 million |
| July 5, 1982 | Penn Square Bank, National Association | Oklahoma City, OK | $436 million | $65.0 million |
| July 27, 1982 | The Bowie County State Bank | Hooks, TX | $14.4 million | $2.2 million |
| July 27, 1982 | Guaranty Bond State Bank | Redwater, TX | $14.1 million | $3.4 million |
| July 30, 1982 | Unity Bank and Trust Company | Boston, MA | $12.8 million | $2.8 million |
| August 6, 1982 | Mt. Pleasant Bank and Trust Company | Mount Pleasant, IA | $29.4 million | none |
| August 27, 1982 | Western National Bank | Santa Ana, CA | $25.6 million | $4.2 million |
| August 27, 1982 | First Security Bank of North Arkansas | Horseshoe, AR | $14.1 million | $2.6 million |
| August 27, 1982 | Security Bank and Trust Company | Cairo, IL | $12.0 million | $2.5 million |
| September 3, 1982 | Hohenwald Bank & Trust Co. | Hohenwald, TN | $27.1 million | $981 thousand |
| October 8, 1982 | Tri-State Bank | Markham, IL | $16.3 million | none |
| November 2, 1982 | Cedar Bluff Bank | Cedar Bluff, AL | $13.7 million | $1.5 million |
| November 5, 1982 | The First National Bank of South Charleston | South Charleston, WV | $28.6 million | $4.6 million |
| November 5, 1982 | Texas Bank of Amarillo | Amarillo, TX | $13.1 million | $1.3 million |
| November 12, 1982 | Bank of Quitman | Quitman, AR | $17.4 million | $1.4 million |
| November 19, 1982 | North Kansas Savings Association | Beloit, KS | $36.5 million | $7.2 million |
| November 19, 1982 | Ranchlander National Bank | Melvin, TX | $4.3 million | $2.2 million |
| December 10, 1982 | The Bollinger County Bank | Lutesville, MO | $15.9 million | $1.6 million |
| December 16, 1982 | The Security State Bank | Mooreland, OK | $11.6 million | $1.4 million |
Assistance transactions in 1982
In these cases the FDIC or another insurer gave financial help to an insured institution instead of closing it outright. They are not counted as failures on this site.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 15, 1982 | The Western New York Savings Bk | Buffalo, NY | $1.0 billion | $30.2 million |
| January 15, 1982 | Hyde Park FS&LA | Chicago, IL | $308 million | $66.7 million |
| January 15, 1982 | Republic of Texas Sa | Houston, TX | $258 million | $63.7 million |
| January 15, 1982 | Royal FS&LA | Dallas, TX | $168 million | $26.5 million |
| January 15, 1982 | Buffalo S&LA | Houston, TX | $155 million | $25.3 million |
| January 15, 1982 | Civic S&LA | Irving, TX | $36.8 million | $7.1 million |
| January 15, 1982 | El Centro FS&LA | Dallas, TX | $11.2 million | $2.3 million |
| January 25, 1982 | First S&LA of New Brunswick | New Brunswick, NJ | $406 million | $9.5 million |
| February 1, 1982 | Inglewood FS&LA | Inglewood, CA | $7.7 million | $2.1 million |
| February 5, 1982 | United FS&LA of Broward County | Fort Lauderdale, FL | $672 million | not estimated |
| February 5, 1982 | Peach State FS&LA | Bremen, GA | $116 million | not estimated |
| February 5, 1982 | Guaranty FS&LA | Adel, GA | $34.8 million | not estimated |
| February 5, 1982 | Central Illinois B&ha | Clinton, IL | $29.3 million | $4.3 million |
| February 5, 1982 | First FS&LA of Sylvania | Sylvania, GA | $17.5 million | not estimated |
| February 20, 1982 | North West, FS&LA | Chicago, IL | $1.3 billion | $90.4 million |
| February 20, 1982 | Farmers & Mechanics Savings Bank of Minnea | Minneapolis, MN | $1.0 billion | $52.4 million |
| February 20, 1982 | Unity, Sa | Norridge, IL | $987 million | $79.9 million |
| February 20, 1982 | Alliance, S&LA | Chicago, IL | $281 million | $27.4 million |
| March 8, 1982 | Morgan Park S&LA | Chicago, IL | $2.3 million | $292 thousand |
| March 9, 1982 | Knickerbocker FS&LA | New York, NY | $529 million | not estimated |
| March 9, 1982 | Ninth Federal Savings | New York, NY | $478 million | not estimated |
| March 11, 1982 | Fidelity Mutual Savings Bank | Spokane, WA | $696 million | $44.5 million |
| March 11, 1982 | United States Bk of Newark, N.j. | Newark, NJ | $688 million | $77.3 million |
| March 15, 1982 | Hartford FS&LA | Hartford, CT | $378 million | not estimated |
| March 26, 1982 | The New York Bk for Savings | New York, NY | $3.5 billion | $751 million |
| April 1, 1982 | Fidelity S&LA | San Francisco, CA | $2.9 billion | $10.2 million |
| April 2, 1982 | The Western Saving Fund Society of Philade | Philadelphia, PA | $2.1 billion | $29.3 million |
| April 3, 1982 | First FS&LA of Chicago | Galena, IL | $3.5 billion | $635 million |
| April 3, 1982 | First Financial, S&LA | Downer's Grove, IL | $634 million | not estimated |
| April 15, 1982 | County FS&LA | Rockville Centre, NY | $1.4 billion | $36.8 million |
| April 15, 1982 | Suffolk County FS&LA | Centereach, NY | $1.1 billion | $25.0 million |
| May 31, 1982 | United FS&LA | Baltimore, MD | $172 million | not estimated |
| June 1, 1982 | Montebello FS&LA | Montebello, CA | $36.3 million | not estimated |
| June 10, 1982 | Fidelity FS&LA | Valley City, ND | $63.0 million | not estimated |
| July 15, 1982 | Tri-Lakes FS&LA | Branson, MO | $13.9 million | $700 thousand |
| July 16, 1982 | First FS&LA of Pittston | Pittston, PA | $45.8 million | $7.1 million |
| July 30, 1982 | American FS&LA | Southfield, MI | $842 million | $3.1 million |
| July 30, 1982 | First of Mid Florida | Deland, FL | $549 million | $1.8 million |
| July 30, 1982 | United FS&LA of Puerto Rico | San Juan, PR | $287 million | not estimated |
| July 30, 1982 | Harris County FS&LA | Baytown, TX | $182 million | $537 thousand |
| July 31, 1982 | Princeton S&LA | Princeton, NJ | $250 million | not estimated |
| July 31, 1982 | First FS&LA of Burlington Cty | Cinnamonson, NJ | $135 million | $4.0 million |
| July 31, 1982 | Allied FS&LA | Jamaica, NY | $18.3 million | $2.0 million |
| August 2, 1982 | Guardian FS&LA | Silver Spring, MD | $184 million | $10.0 million |
| August 2, 1982 | Mutual S&LA of El Paso | El Paso, TX | $175 million | not estimated |
| August 2, 1982 | River Edge S&LA | River Edge, NJ | $61.7 million | $4.6 million |
| August 6, 1982 | Abilene National Bank | Abilene, TX | $437 million | none |
| August 6, 1982 | First FS&LA of Suffolk | Suffolk, VA | $103 million | $18.7 million |
| August 27, 1982 | Coronado S&LA | Albuquerque, NM | $34.4 million | $1.4 million |
| September 1, 1982 | First FS&LA | Peoria, IL | $446 million | not estimated |
| September 1, 1982 | Union of Cook County | Matteson, IL | $107 million | not estimated |
| September 1, 1982 | Havre FS&LA | Havre, MT | $73.3 million | $5.0 million |
| September 10, 1982 | Union FS&LA of New York | New York, NY | $152 million | $8.8 million |
| September 10, 1982 | Investors S&LA | Fairview Heights, IL | $48.1 million | $949 thousand |
| September 10, 1982 | Vandalia Citizens S&LA | Vandalia, IL | $13.7 million | $899 thousand |
| September 20, 1982 | First FS&LA of New York | New York City, NY | $659 million | not estimated |
| September 20, 1982 | First FS&LA of Sioux Falls | Sioux Falls, SD | $78.2 million | $2.9 million |
| September 20, 1982 | First Dakota Home S&LA | Pierre, SD | $27.8 million | $1.1 million |
| September 20, 1982 | Republic FS&LA | Lafayette, LA | $19.3 million | $249 thousand |
| September 20, 1982 | First FS&LA of Acadia | Rayne, LA | $11.3 million | $421 thousand |
| September 21, 1982 | First FS&LA | Springhill, LA | $11.7 million | not estimated |
| September 24, 1982 | United Mutual Savings Bank | New York, NY | $833 million | $33.1 million |
| October 1, 1982 | 1st of Delray Beach S&LA | Delray Beach, FL | $843 million | not estimated |
| October 1, 1982 | Dixie FS&LA | New Orleans, LA | $539 million | $19.0 million |
| October 1, 1982 | Barton S&LA | Newark, NJ | $170 million | $11.8 million |
| October 1, 1982 | Heritage FS&LA | Bossier City, LA | $71.0 million | $2.0 million |
| October 1, 1982 | Union FS&LA | Pineville, LA | $29.1 million | $1.5 million |
| October 3, 1982 | Oklahoma National Bk & Tr Co. | Oklahoma City, OK | $132 million | $24.6 million |
| October 12, 1982 | Freedom FS&LA | Worcester, MA | $791 million | $9.8 million |
| October 12, 1982 | First FS&LA | Boston, MA | $236 million | $3.0 million |
| October 15, 1982 | Mechanics Savings Bank | Elmira, NY | $55.3 million | none |
| October 22, 1982 | Corsicana FS&LA | Corsicana, TX | $70.3 million | not estimated |
| October 22, 1982 | Modern S&LA | Pasadena, TX | $20.7 million | not estimated |
| November 15, 1982 | South Shore FS&LA | Massapequa, NY | $366 million | $19.5 million |
| November 15, 1982 | Island S&LA | Hempstead, NY | $284 million | $12.1 million |
| December 17, 1982 | Chicagoland FS&LA | Chicago, IL | $141 million | $9.8 million |
| December 20, 1982 | South East FS&LA | Louisville, KY | $132 million | $3.6 million |
| December 20, 1982 | Peachtree FS&LA | Atlanta, GA | $105 million | $131 thousand |
| December 20, 1982 | First Home FS&LA | Owensboro, KY | $83.6 million | $3.2 million |
| December 20, 1982 | Garfield FS&LA | Pottstown, PA | $70.4 million | $4.3 million |
| December 20, 1982 | Mid-City FS&LA | North Wales, PA | $47.8 million | $1.2 million |
| December 20, 1982 | Security FS&LA | Mayfield, KY | $45.9 million | $1.2 million |
| December 20, 1982 | First FS&LA of Crisp County | Cordele, GA | $44.6 million | $36 thousand |
| December 20, 1982 | Clay County FS&LA | West Point, MS | $14.1 million | $925 thousand |
| December 20, 1982 | Home Trust S&LA | Vermillion, SD | $13.2 million | $300 thousand |