# FIRST STATE SAVINGS BANK

> **Failed bank** · MOUNTAIN HOME, AR · failed 1989-03-02 · Savings bank · FDIC cost $52M

## What happened

FIRST STATE SAVINGS BANK of MOUNTAIN HOME, AR was closed by state regulators 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
- **Estimated FDIC DIF cost:** $52M
- **Deposits at failure:** $128M
- **Assets at failure:** $108M
- **Acquiring bank:** WORTHEN B&TC, NA (LITTLE ROCK, AR)

## Other banks WORTHEN B&TC, NA has acquired in FDIC resolutions

- INDEPENDENCE FS & LA (BATESVILLE, AR) — failed 1989-02-17 — /failed-bank/2126

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20STATE%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE SAVINGS BANK (FDIC ID 2150), failed 1989-03-02. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/2150.

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