Bank failure · AR

First American Federal Savings (Fort Smith, AR) — failed May 25, 1990

First American Federal Savings of Fort Smith, Arkansas was closed on May 25, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $450.7M in assets and $444.2M in deposits. The FDIC's estimated loss on the failure is $45.2M (10.0% of assets).