Data / Bank failures / 1989 / Home Fed. S & L Assoc.
Home Fed. S & L Assoc., Mountain Home, AR: failed March 2, 1989
Home Fed. S & L Assoc. in Mountain Home, Arkansas, failed on March 2, 1989. It held $37.2 million in assets and $72.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $56.8 million (152.6% of its assets). By assets it was the 357th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- March 2, 1989
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Acquirer
- None, NA
- Total assets
- $37,215,000
- Total deposits
- $72,094,000
- Estimated cost to the FDIC
- $56,785,060 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31937
Other bank failures in Arkansas, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 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 |
All bank failures in 1989 · 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.