RTC Sells an Arkansas Thrift in 22-Way Split

WASHINGTON - The Resolution Trust Corp. approved the sale of the failed First Savings of Arkansas, Little Rock, to 22 financial institutions.

First Savings had total assets of $878.7 million and liabilities of $1.2 billion, including $1 billion in deposit accounts.

The acquirers include Arkansas banks, Home Federal Savings Bank of Kansas City, Mo., and SouthBank of Corinth, Miss. The cost to the RTC of the transaction is estimated at $863.4 million.

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