Data / Bank failures / 1986 / Firstsouth FS&LA
Firstsouth FS&LA, Pine Bluff, AR: failed December 5, 1986
Firstsouth FS&LA in Pine Bluff, Arkansas, failed on December 5, 1986. Home FS&LA of Kansas City, MO, took over its deposits. It held $1.68 billion in assets and $1.50 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.70 billion (100.9% of its assets). By assets it was the 3rd largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- December 5, 1986
- Type
- Failure
- Acquirer
- Home FS&LA, Kansas City, MO
- Total assets
- $1,680,854,000
- Total deposits
- $1,500,237,000
- Estimated cost to the FDIC
- $1,696,677,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 29048
Other bank failures in Arkansas, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Central Arkansas S&LA | Conway | December 9, 1988 | $10.1 million | $12.5 million | $2.2 million | |
| First Federal SB (assistance) | Rogers | September 7, 1988 | $122.9 million | $135.5 million | $21.8 million | First Federal Savings Bank |
| Bank of Imboden (assistance) | Imboden | June 14, 1988 | $16.2 million | $16.4 million | $2.2 million | Bank of Imboden |
| Guaranty S&LA | Harrison | December 6, 1985 | $451.4 million | $316.5 million | $64.1 million | Superior Federal Bank, FSB |
| Bank of Lockesburg | Lockesburg | May 31, 1985 | $25.5 million | $23.5 million | $7.4 million | Bank of Lockesburg |
| Jackson County National Bank | Tuckerman | August 9, 1984 | $13.3 million | $12.9 million | $5.3 million | First State Bank of Newp |
| The Corning Bank | Corning | June 15, 1984 | $32 million | $30.6 million | $13.8 million | Corning Bank |
Other failed banks Home FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Valley First FS&LA | El Centro | CA | January 14, 1983 | $37.1 million | $33.7 million | $-7,434,200 | Home FS&LA |
All bank failures in 1986 · All bank failures in Arkansas · Every failed bank Home FS&LA 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.