FIRST SECURITY BANK OF NORTH ARKANSAS Failed 1982
What happened
FIRST SECURITY BANK OF NORTH ARKANSAS of HORSESHOE, AR was closed on 1982-08-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF MELBOURNE (MELBOURNE, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 694
- FDIC Certificate
- 1758
- FDIC FIN
- 2318
- Bank name
- FIRST SECURITY BANK OF NORTH ARKANSAS
- Location
- HORSESHOE, AR
- Failure date
- 1982-08-27
- FDIC resolution date
- 1982-08-27
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $13M
- Assets at failure
- $14M
- Acquiring bank
- BANK OF MELBOURNE (MELBOURNE, AR)