Data / Bank failures / 1991 / United FS & La
United FS & La, Jonesboro, AR: failed June 28, 1991
United FS & La in Jonesboro, Arkansas, failed on June 28, 1991. It held $142.5 million in assets and $136.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $16.3 million (11.4% of its assets). By assets it was the 106th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- June 28, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $142,465,000
- Total deposits
- $136,677,000
- Estimated cost to the FDIC
- $16,282,347 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28786
Other bank failures in Arkansas, 1989 to 1993
| 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 |
| 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 1991 · 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.