FIRST STATE SAVINGS BANK Failed 1989
What happened
FIRST STATE SAVINGS BANK of MOUNTAIN HOME, AR was closed on 1989-03-02. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to WORTHEN B&TC, NA (LITTLE ROCK, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2150
- FDIC Certificate
- 31112
- FDIC FIN
- 7040
- Bank name
- FIRST STATE SAVINGS BANK
- Location
- MOUNTAIN HOME, AR
- Failure date
- 1989-03-02
- FDIC resolution date
- 1990-10-26
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $52M
- Deposits at failure
- $128M
- Assets at failure
- $108M
- Acquiring bank
- WORTHEN B&TC, NA (LITTLE ROCK, AR)
Other banks WORTHEN B&TC, NA acquired in FDIC resolutions