83 failures · $4.2 billion in assets
Bank failures in 1984
83 insured banks failed in 1984, up from 50 in 1983. Together they reported $4.2 billion in assets, and the FDIC's estimated loss on them is $1.1 billion. The largest was San Marino Savings and Loan Association of San Marino, California, at $857 million. The costliest for the insurance fund was Empire Savings and Loan Association, at an estimated $267 million. Tennessee led with 12 failures, ahead of Kansas with 7. The FDIC also recorded 23 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 1984: Tennessee 12, Kansas 7, California 7, Texas 7, Oregon 5, Illinois 5, Oklahoma 5, Nebraska 5, Minnesota 4, Iowa 3, Florida 2, Mississippi 2 and others.
Explore
Filter and sort the 1984 failures by state, size or loss. Other years: 1983 · 1985.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 6, 1984 | Farmers Bank and Trust | Winchester, TN | $48.6 million | $8.1 million |
| January 20, 1984 | City and County Bank of Jefferson County | White Pine, TN | $21.7 million | $4.5 million |
| January 27, 1984 | Indian Springs State Bank | Kansas City, KS | $30.9 million | $8.5 million |
| January 27, 1984 | Union Federal Savings and Loan Association | Richmond, VA | $8.6 million | not estimated |
| February 3, 1984 | Emerald Empire Banking Company | Springfield, OR | $22.3 million | $2.4 million |
| February 3, 1984 | The Tucker County Bank | Parsons, WV | $15.4 million | $2.6 million |
| February 8, 1984 | Heritage Bank of Bureau County | Depue, IL | $8.7 million | $1.4 million |
| February 10, 1984 | West Olympia Bank | Los Angeles, CA | $20.4 million | $3.0 million |
| February 17, 1984 | Brownfield State Bank & Trust Co. | Brownfield, TX | $38.9 million | $7.6 million |
| March 2, 1984 | United Bank of Oregon | Milwaukie, OR | $17.3 million | $3.1 million |
| March 2, 1984 | All American National Bank | Virgina Gardens, FL | $13.9 million | $3.1 million |
| March 9, 1984 | National Bank and Trust Company of Traverse City | Traverse City, MI | $104 million | $12.2 million |
| March 14, 1984 | Empire Savings and Loan Association | Mesquite, TX | $333 million | $267 million |
| March 16, 1984 | Heritage Bank | Anaheim, CA | $186 million | $5.2 million |
| March 16, 1984 | Seminole State National Bank | Seminole, TX | $51.1 million | $2.0 million |
| April 3, 1984 | American Savings and Loan Association | Biloxi, MS | $9.4 million | $10.4 million |
| April 6, 1984 | First Security Bank | Erwin, TN | $22.5 million | $6.5 million |
| April 6, 1984 | Watauga Valley Bank | Elizabethton, TN | $15.4 million | $4.8 million |
| April 13, 1984 | Security National Bank of Lubbock | Lubbock, TX | $51.4 million | $3.7 million |
| April 19, 1984 | The Shelby National Bank of Shelbyville | Shelbyville, IN | $67.8 million | $378 thousand |
| April 19, 1984 | Gamaliel Bank | Gamaliel, KY | $22.8 million | $4.7 million |
| April 26, 1984 | United of America Bank | Chicago, IL | $38.1 million | $876 thousand |
| April 27, 1984 | West Coast Bank | Los Angeles, CA | $198 million | $12.7 million |
| April 27, 1984 | Citizens Bank of Monroe County | Telico Plains, TN | $21.1 million | $6.4 million |
| May 4, 1984 | Western National Bank of Casper | Casper, WY | $27.4 million | $10.0 million |
| May 4, 1984 | First National Bank | Snyder, TX | $23.5 million | $754 thousand |
| May 4, 1984 | The First National Bank of Rushford | Rushford, MN | $22.0 million | $7.3 million |
| May 4, 1984 | State Bank of Mills | Mills, WY | $7.2 million | $2.9 million |
| May 8, 1984 | The National Bank of Carmel | Carmel-By-The-Sea, CA | $76.2 million | $6.6 million |
| May 11, 1984 | The Mississippi Bank | Jackson, MS | $238 million | $20.0 million |
| May 11, 1984 | First Continental Bank & Trust Company of Del City | Del City, OK | $107 million | $21.3 million |
| May 18, 1984 | Planters Trust & Savings Bank of Opelousas | Opelousas, LA | $71.4 million | $28.8 million |
| May 18, 1984 | Bank of Irvine | Irvine, CA | $31.0 million | $2.3 million |
| May 18, 1984 | Washington National Bank of Chicago | Chicago, IL | $14.1 million | $2.0 million |
| May 18, 1984 | Bledsoe County Bank | Pikeville, TN | $5.3 million | $2.1 million |
| May 24, 1984 | First National Bank of Prior Lake | Prior Lake, MN | $12.2 million | $4.9 million |
| June 1, 1984 | Garden Grove Community Bank | Garden Grove, CA | $43.9 million | $5.4 million |
| June 5, 1984 | Cherokee County Bank | Centre, AL | $39.4 million | $7.1 million |
| June 8, 1984 | Stewardship Bank of Oregon | Portland, OR | $6.3 million | $1.1 million |
| June 15, 1984 | The Corning Bank | Corning, AR | $32.0 million | $13.8 million |
| June 15, 1984 | The Lawrence County Bank | Lawrenceburg, TN | $25.2 million | $6.5 million |
| June 15, 1984 | Farmers State Bank | Lyons, SD | $3.2 million | $855 thousand |
| June 18, 1984 | Republic Bank of Kansas City | Kansas City, MO | $41.3 million | $3.9 million |
| June 21, 1984 | The Farmers National Bank of Aurelia | Aurelia, IA | $19.9 million | $2.0 million |
| June 27, 1984 | American Bank | Saint Joseph, TN | $33.0 million | $13.3 million |
| June 29, 1984 | East Texas Bank & Trust Company | Longview, TX | $106 million | $19.9 million |
| July 12, 1984 | The Coffeen National Bank | Coffeen, IL | $9.4 million | $1.7 million |
| July 19, 1984 | Guaranty State Bank of Saint Paul | St. Paul, MN | $28.6 million | $5.9 million |
| July 24, 1984 | Coalmont Savings Bank | Coalmont, TN | $25.7 million | $7.8 million |
| August 9, 1984 | Jackson County National Bank | Tuckerman, AR | $13.3 million | $5.3 million |
| August 10, 1984 | The Tingley State Savings Bank | Mount Ayr, IA | $19.4 million | $6.3 million |
| August 10, 1984 | Peoples State Bank of Clay County | Poland, IN | $17.7 million | $5.1 million |
| August 16, 1984 | Girod Trust Company | San Juan, PR | $406 million | $86.3 million |
| August 16, 1984 | American National Bank in McLean | McLean, TX | $14.3 million | $3.0 million |
| August 22, 1984 | The First State Bank | Thayer, KS | $12.2 million | $5.1 million |
| August 24, 1984 | Hereford State Bank | Hereford, CO | $2.7 million | $765 thousand |
| August 31, 1984 | Bank of the Northwest | Eugene, OR | $21.8 million | $1.2 million |
| September 6, 1984 | David City Bank | David City, NE | $21.3 million | $2.3 million |
| September 7, 1984 | Oakland Savings Bank | Oakland, IA | $22.1 million | $6.6 million |
| September 14, 1984 | Community Bank & Trust Company | Enid, OK | $32.2 million | $10.8 million |
| September 19, 1984 | Bank of Verdigre and Trust Company | Verdigre, NE | $13.4 million | $3.7 million |
| September 20, 1984 | Century National Bank | Jacksonville, FL | $13.2 million | $2.3 million |
| September 21, 1984 | Security State Bank | Weatherford, OK | $50.1 million | $20.4 million |
| October 5, 1984 | The Farmers and Merchants Bank | Tecumseh, OK | $31.1 million | $6.1 million |
| October 10, 1984 | The Rexford State Bank | Rexford, KS | $5.8 million | $4.5 million |
| October 12, 1984 | Bucklin State Bank of Bucklin, Missouri | Bucklin, MO | $16.1 million | $7.1 million |
| October 12, 1984 | Oneida Bank & Trust Company | Oneida, TN | $6.3 million | $3.0 million |
| October 19, 1984 | American State Bank | Thomas, OK | $23.9 million | $6.9 million |
| October 24, 1984 | The Bank of Cody | Cody, NE | $10.3 million | $2.7 million |
| October 24, 1984 | State Bank of Boyd | Boyd, MN | $7.1 million | $2.8 million |
| October 24, 1984 | Farmers State Bank | Kilgore, NE | $6.1 million | none |
| October 25, 1984 | The First National Bank of Gaylord | Gaylord, KS | $6.4 million | $2.5 million |
| November 16, 1984 | Savannah Savings and Loan Association | Savannah, TN | $19.3 million | $9.7 million |
| November 16, 1984 | First American Banking Company | Pendleton, OR | $18.6 million | $2.2 million |
| November 29, 1984 | The Strong City State Bank | Strong City, KS | $5.0 million | $1.8 million |
| November 30, 1984 | The Dayton Bank & Trust Company | Dayton, TN | $51.4 million | $6.3 million |
| December 4, 1984 | Golden Spike State Bank | Tremonton, UT | $7.8 million | $3.6 million |
| December 7, 1984 | San Marino Savings and Loan Association | San Marino, CA | $857 million | $263 million |
| December 7, 1984 | Farmers State Bank of Holyoke | Holyoke, CO | $3.9 million | $1.4 million |
| December 11, 1984 | University Bank of Wichita | Wichita, KS | $4.7 million | $2.1 million |
| December 18, 1984 | Uehling State Bank | Uehling, NE | $4.2 million | $700 thousand |
| December 20, 1984 | The Farmers State Bank | Selden, KS | $14.6 million | $8.0 million |
| December 22, 1984 | First Security Bank | Sandwich, IL | $13.4 million | $1.0 million |
Assistance transactions in 1984
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 |
|---|---|---|---|---|
| March 1, 1984 | Home S&LA | Norwalk, OH | $77.5 million | $3.1 million |
| April 1, 1984 | Scandia S&LA | Des Moines, IA | $65.2 million | $3.4 million |
| April 2, 1984 | First Fs and La of Grand Forks and Minot | Minot, ND | $246 million | $40.5 million |
| May 16, 1984 | Investors S&LA | Houston, TX | $31.5 million | not estimated |
| May 17, 1984 | Continental Illinois Nat Bk & Tr | Chicago, IL | $40.0 billion | $1.1 billion |
| June 8, 1984 | American S&LA | Dededo, GU | $58.4 million | $8.8 million |
| July 18, 1984 | Windom FS&LA | Windom, MN | $47.9 million | $5.7 million |
| July 24, 1984 | Queen City S&LA, Wa | Seattle, WA | $234 million | $4.2 million |
| August 1, 1984 | Mitchell Home S&LA | Mitchell, SD | $16.6 million | not estimated |
| August 10, 1984 | Century FS&LA | Cedarhurst, NY | $652 million | $6.5 million |
| August 28, 1984 | American Heritage Savings FA | Bloomington, IL | $277 million | $42.9 million |
| August 28, 1984 | Fidelity FS&LA | Baltimore, MD | $138 million | $23.7 million |
| September 1, 1984 | Rhode Island FS&LA | Providence, RI | $130 million | $9.6 million |
| September 7, 1984 | Union FS&LA | Indianapolis, IN | $309 million | $26.8 million |
| September 21, 1984 | Continental FS&LA | Cleveland, OH | $1.0 billion | $80.8 million |
| September 28, 1984 | Orange Savings Bank | Livingston, NJ | $513 million | $7.3 million |
| October 1, 1984 | Suburbia FS&LA | Garden City, NY | $660 million | $16.0 million |
| October 1, 1984 | Home FS&LA | Ponce, PR | $45.6 million | $1.7 million |
| October 2, 1984 | Fidelity FS&LA | Corinth, MS | $34.8 million | $1.5 million |
| November 16, 1984 | Knox FS&LA | Knoxville, TN | $155 million | $30.4 million |
| November 16, 1984 | American S&LA | Knoxville, TN | $64.8 million | $9.9 million |
| November 16, 1984 | John Sevier S&LA | Sevierville, TN | $35.8 million | $14.9 million |
| November 16, 1984 | East Tennessee | Knoxville, TN | $21.9 million | $5.1 million |