Bank failure · AR

Allied Bank (Mulberry, AR) — failed September 23, 2016

Allied Bank of Mulberry, Arkansas was closed on September 23, 2016 and resolved through a purchase and assumption. Today'S Bank (AR) took over its insured deposits. At failure it held $66.3M in assets and $64.7M in deposits. The FDIC's estimated loss on the failure is $6.2M (9.4% of assets).