Data / Bank failures / 1988 / Central Arkansas S&LA
Central Arkansas S&LA, Conway, AR: failed December 9, 1988
Central Arkansas S&LA in Conway, Arkansas, failed on December 9, 1988. It held $10.1 million in assets and $12.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.2 million (21.4% of its assets). By assets it was the 434th largest of 470 banks closed or assisted in 1988.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- December 9, 1988
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Total assets
- $10,129,000
- Total deposits
- $12,470,000
- Estimated cost to the FDIC
- $2,162,700 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31889
Other bank failures in Arkansas, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Arkansas FSB | Little Rock | December 21, 1990 | $71.7 million | $61.6 million | $15.4 million | |
| Texarkana FS & La | Texarcana | December 7, 1990 | $40.4 million | $43.2 million | $11.2 million | Citizens NB |
| First Sa | Paragould | November 30, 1990 | $64.1 million | $46.7 million | $24.6 million | Peoples Bank |
| First American Federal Savings | Fort Smith | May 25, 1990 | $450.7 million | $444.2 million | $45.2 million | |
| Citizens National Bank of Walnut Ridge | Walnut Ridge | February 2, 1990 | $37.5 million | $34.1 million | $6.3 million | The Lawrence County Bank |
| Grand Prairie FS & La | Stuttgart | January 26, 1990 | $31.5 million | $24.8 million | $14.2 million | |
| Capitol Federal S & L | Little Rock | July 27, 1989 | $89.9 million | $46.7 million | $17.2 million | |
| Home Fed. S & L Assoc. | Mountain Home | March 2, 1989 | $37.2 million | $72.1 million | $56.8 million |
All bank failures in 1988 · All bank failures in Arkansas · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.