Bank failure · AR
Unipoint Fed. Savings Bank (Trumann, AR) — failed March 2, 1989
Unipoint Fed. Savings Bank of Trumann, Arkansas was closed on March 2, 1989 and resolved through a purchase and assumption. Unico Bank, FSB (AK) took over its insured deposits. At failure it held $18.9M in assets and $28.2M in deposits. The FDIC's estimated loss on the failure is $18.3M (96.9% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 31933
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Unico Bank, FSB
- Insurance fund
- RTC
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