Bank failure · AR

First Federal Sb (Rogers, AR) — failed September 7, 1988

First Federal Sb of Rogers, Arkansas was closed on September 7, 1988 and resolved through a a/a. First Federal Savings Bank (AR) took over its insured deposits. At failure it held $122.9M in assets and $135.5M in deposits. The FDIC's estimated loss on the failure is $21.8M (17.7% of assets).