# FIRST SECURITY BANK OF NORTH ARKANSAS

> **Failed bank** · HORSESHOE, AR · failed 1982-08-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

FIRST SECURITY BANK OF NORTH ARKANSAS of HORSESHOE, AR was closed by regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $13M
- **Assets at failure:** $14M
- **Acquiring bank:** BANK OF MELBOURNE (MELBOURNE, AR)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20SECURITY%20BANK%20OF%20NORTH%20ARKANSAS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SECURITY BANK OF NORTH ARKANSAS (FDIC ID 694), failed 1982-08-27. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/694.

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