December 17, 2010: First Southern Bank, Batesville, AR was closed
by the Arkansas State Bank Department.
The Federal Deposit Insurance Corporation was named receiver.
Successor Bank: All deposit accounts, excluding the Cede & Co. deposits, have been transferred to Southern Bank, Poplar Bluff, Missouri
History: Established in 2005 as First Southern Bank
► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.
► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.
► For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Money Search
|2010 FDIC Insured Failed Banks|
1583 South St. Louis Street
Batesville, AR 72501
|Cost to FDIC: $23 million|
|© 2014 NUPA - NATIONAL UNCLAIMED PROPERTY ASSOCIATES|