Data / Bank failures / 1990 / First Sa
First Sa, Paragould, AR: failed November 30, 1990
First Sa in Paragould, Arkansas, failed on November 30, 1990. Peoples Bank of Paragould, AR, took over its deposits. It held $64.1 million in assets and $46.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $24.6 million (38.4% of its assets). By assets it was the 189th largest of 382 banks closed or assisted in 1990.
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
- November 30, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Peoples Bank, Paragould, AR
- Total assets
- $64,124,000
- Total deposits
- $46,665,000
- Estimated cost to the FDIC
- $24,622,349 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29466
Other bank failures in Arkansas, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Exchange Bank of Little Rock | Little Rock | September 24, 1992 | $24.7 million | $24.4 million | $1.9 million | First Commercial Bank NA |
| Northwest National Bank | Fayetteville | August 16, 1991 | $29.4 million | $30.2 million | $936,463 | Citizens Bank of Northwest |
| United FS & La | Jonesboro | June 28, 1991 | $142.5 million | $136.7 million | $16.3 million | |
| 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 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 |
Other failed banks Peoples Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Security Bank of Dickson | Dickson | TN | September 12, 1985 | $14.8 million | $14.3 million | $1.8 million | Peoples Bank |
All bank failures in 1990 · All bank failures in Arkansas · Every failed bank Peoples Bank took over · 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.