Bank failure · AR
First Fed. S & L Assoc. (Malvern, AR) — failed March 2, 1989
First Fed. S & L Assoc. of Malvern, Arkansas was closed on March 2, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $51.1M in assets and $54.0M in deposits. The FDIC's estimated loss on the failure is $19.5M (38.2% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 30740
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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