Bank failure · AR
Texarkana Fs & LA (Texarcana, AR) — failed December 7, 1990
Texarkana Fs & LA of Texarcana, Arkansas was closed on December 7, 1990 and resolved through a purchase and assumption. Citizens Nb (AR) took over its insured deposits. At failure it held $40.4M in assets and $43.2M in deposits. The FDIC's estimated loss on the failure is $11.2M (27.7% of assets).
- Closing date
- December 7, 1990
- FDIC certificate #
- 27700
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens Nb
- Insurance fund
- RTC
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