Bank failure · AR

First Southern Bank (Batesville, AR) — failed December 17, 2010

First Southern Bank of Batesville, Arkansas was closed on December 17, 2010 and resolved through a purchase and assumption. Southern Bank (MO) took over its insured deposits. At failure it held $191.8M in assets and $155.8M in deposits. The FDIC's estimated loss on the failure is $24.8M (12.9% of assets).