Bank failure · AR
Landmark Savings Bank FSB (Hot Springs, AR) — failed March 2, 1989
Landmark Savings Bank FSB of Hot Springs, Arkansas was closed on March 2, 1989 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $132.3M in assets and $153.9M in deposits. The FDIC's estimated loss on the failure is $87.7M (66.3% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 29217
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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