FIRST SA Failed 1990
What happened
FIRST SA of PARAGOULD, AR was closed on 1990-11-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PEOPLES BANK (PARAGOULD, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2948
- FDIC Certificate
- 29466
- FDIC FIN
- 7445
- Bank name
- FIRST SA
- Location
- PARAGOULD, AR
- Failure date
- 1990-11-30
- FDIC resolution date
- 1991-09-13
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $25M
- Deposits at failure
- $47M
- Assets at failure
- $64M
- Acquiring bank
- PEOPLES BANK (PARAGOULD, AR)
Other banks PEOPLES BANK acquired in FDIC resolutions