East Gadsden Bank was a state nonmember bank in Gadsden, AL. It failed on Dec 31, 1980, and Central Bank Of Alabama took over its deposits. At its last report it held $44.0 million in assets.
Updated Oct 11, 2026
This bank failed
- Failed on
- Dec 31, 1980
- Assets
- $44.0M
- Deposits
- $40.7M
- Estimated cost
- $957K
- Deposits went to
- Central Bank Of Alabama, Decatur, AL
Data is being prepared
The quarterly numbers of this bank appear here as soon as their first load is finished.
Facts
- Type
- State nonmember bank
- Head office
- 801 East Broad Street, Gadsden, AL, 35903
- County
- Etowah
- Established
- Oct 11, 1929
- Failed
- Jan 2, 1981
- Id
- b40
Related pages
Questions and answers
When did East Gadsden Bank fail?
Dec 31, 1980. Central Bank Of Alabama of Decatur, AL took over its deposits. The estimated cost of the failure was $957,432.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.