Bank failure · AR
Citizens National Bank of Walnut Ridge (Walnut Ridge, AR) — failed February 2, 1990
Citizens National Bank of Walnut Ridge of Walnut Ridge, Arkansas was closed on February 2, 1990 and resolved through a purchase and assumption. The Lawrence County Bank (AR) took over its insured deposits. At failure it held $37.5M in assets and $34.1M in deposits. The FDIC's estimated loss on the failure is $6.3M (16.8% of assets).
- Closing date
- February 2, 1990
- FDIC certificate #
- 16816
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Lawrence County Bank
- Insurance fund
- BIF
Other failures in 1990
- First Fs & LA of Andalusia AL
- Capitol Bank and Trust Company MA
- Southern Fs LA
- Enterprise Savings Bank, Fa IL
- Arkansas FSB AR
- Mid-America Fs & LA OH
- Home Federal Bank for Savings IL
- Frontier Savings Association NV
- Peoples State Bank TX
- Far Western Bank CA
- Olympic Federal Savings IL
- Comfed Savings Bank MA
- Old Borough Savings & Loan NJ
- Community Fs & LA MO
- The State Bank of Omaha TX
- Empire Savings Bank NJ
- First Commercial Bank of Florida FL
- First State Bank OK
- Washington County State Bank TX
- Bank of Commerce LA
- New England Allbank for Savings MA
- Heights Bank TX
- Central Federal Savings NY
- First National Bank of Rowlett TX