# TEXARKANA FS & LA

> **Failed bank** · TEXARCANA, AR · failed 1990-12-07 · SL · FDIC cost $11M

## What happened

TEXARKANA FS & LA of TEXARCANA, AR was closed by state regulators on **1990-12-07**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CITIZENS NB** (HOPE, AR). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2956
- **FDIC Certificate:** 27700
- **FDIC FIN:** 7423
- **Bank name:** TEXARKANA FS & LA
- **Location:** TEXARCANA, AR
- **Failure date:** 1990-12-07
- **FDIC resolution date:** 1991-08-30
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $43M
- **Assets at failure:** $40M
- **Acquiring bank:** CITIZENS NB (HOPE, AR)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=TEXARKANA%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TEXARKANA FS & LA (FDIC ID 2956), failed 1990-12-07. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2956.

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