Bank failure · AR
First Federal of Arkansas (Little Rock, AR) — failed February 10, 1989
First Federal of Arkansas of Little Rock, Arkansas was closed on February 10, 1989 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $1.6B in assets and $1.2B in deposits. The FDIC's estimated loss on the failure is $792.6M (50.1% of assets).
- Closing date
- February 10, 1989
- FDIC certificate #
- 28782
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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