# FIRST FED. S & L ASSOC.

> **Failed bank** · MALVERN, AR · failed 1989-03-02 · SL · FDIC cost $19M

## What happened

FIRST FED. S & L ASSOC. of MALVERN, AR was closed by state regulators on **1989-03-02**. The FDIC was named receiver.

**Resolution:** PO

Deposits were transferred to **PAYOUT** (NONE, NA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2147
- **FDIC Certificate:** 30740
- **FDIC FIN:** 6910
- **Bank name:** FIRST FED. S & L ASSOC.
- **Location:** MALVERN, AR
- **Failure date:** 1989-03-02
- **FDIC resolution date:** 1989-08-25
- **Charter type:** SL
- **Resolution type:** PO
- **Estimated FDIC DIF cost:** $19M
- **Deposits at failure:** $54M
- **Assets at failure:** $51M
- **Acquiring bank:** PAYOUT (NONE, NA)

## Other banks PAYOUT has acquired in FDIC resolutions

- WESTSIDE BANK, FSB (LOS ANGELES, CA) — failed 1993-09-24 — /failed-bank/3477
- GOLDEN STATE FSB (IRVINE, CA) — failed 1993-08-13 — /failed-bank/3471
- VISTA FSA (CANOGA PARK, CA) — failed 1993-01-29 — /failed-bank/3436
- ADVANCED FSB (NORTHRIDGE, CA) — failed 1992-01-24 — /failed-bank/3262
- DAVY CROCKETT FS & LA (CROCKETT, TX) — failed 1991-09-13 — /failed-bank/3186
- FIDELITY FS & LA (AUSTIN, TX) — failed 1991-07-12 — /failed-bank/3142
- COLONIAL FSB (CRANSTON, RI) — failed 1991-05-10 — /failed-bank/3101
- SENTRY FSA (NORFOLK, VA) — failed 1991-05-03 — /failed-bank/3084
- ATASCOSA SA (JOURDANTON, TX) — failed 1990-11-30 — /failed-bank/2951
- LOUISIANA FEDERAL SAVINGS BANK (KENNER, LA) — failed 1990-11-09 — /failed-bank/2936

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FED.%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FED. S & L ASSOC. (FDIC ID 2147), failed 1989-03-02. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2147.

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