Bank failure · AR

First Sa (Paragould, AR) — failed November 30, 1990

First Sa of Paragould, Arkansas was closed on November 30, 1990 and resolved through a purchase and assumption. Peoples Bank (AR) took over its insured deposits. At failure it held $64.1M in assets and $46.7M in deposits. The FDIC's estimated loss on the failure is $24.6M (38.4% of assets).