# FIRST SA

> **Failed bank** · PARAGOULD, AR · failed 1990-11-30 · SL · FDIC cost $25M

## What happened

FIRST SA of PARAGOULD, AR was closed by state regulators 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
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $47M
- **Assets at failure:** $64M
- **Acquiring bank:** PEOPLES BANK (PARAGOULD, AR)

## Other banks PEOPLES BANK has acquired in FDIC resolutions

- FIRST SECURITY BANK OF DICKSON (DICKSON, TN) — failed 1985-09-12 — /failed-bank/1066

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SA (FDIC ID 2948), failed 1990-11-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2948.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*