Data / Bank failures / 1988 / First Federal SB
First Federal SB, Rogers, AR: received FDIC assistance September 7, 1988
First Federal SB in Rogers, Arkansas, received open bank assistance from the FDIC on September 7, 1988. It held $122.9 million in assets and $135.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $21.8 million (17.7% of its assets). By assets it was the 169th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- September 7, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First Federal Savings Bank, Rogers, AR
- Total assets
- $122,899,000
- Total deposits
- $135,472,000
- Estimated cost to the FDIC
- $21,750,000 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 28910
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.