Bank failure · AR

Sinclair National Bank (Gravette, AR) — failed September 7, 2001

Sinclair National Bank of Gravette, Arkansas was closed on September 7, 2001 and resolved through a purchase and assumption (insured deposits). Delta Trust & Bank (AR) took over its insured deposits. At failure it held $29.8M in assets and $26.1M in deposits. The FDIC's estimated loss on the failure is $4.2M (14.1% of assets).