Bank failure · AR

First Exchange Bank of Little Rock (Little Rock, AR) — failed September 24, 1992

First Exchange Bank of Little Rock of Little Rock, Arkansas was closed on September 24, 1992 and resolved through a purchase and assumption (insured deposits). First Commercial Bank NA (AR) took over its insured deposits. At failure it held $24.7M in assets and $24.4M in deposits. The FDIC's estimated loss on the failure is $1.9M (7.5% of assets).