Bank failure · AR
First State Savings Bank (Mountain Home, AR) — failed March 2, 1989
First State Savings Bank of Mountain Home, Arkansas was closed on March 2, 1989 and resolved through a insured deposit transfer. Worthen B&tc, NA (AR) took over its insured deposits. At failure it held $107.6M in assets and $128.5M in deposits. The FDIC's estimated loss on the failure is $52.2M (48.5% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 31112
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Worthen B&tc, NA
- Insurance fund
- RTC
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