Failed Bank Information for First Southern Bank, Batesville, AR
On Friday, December 17, 2010, First Southern Bank was closed by the Arkansas State Bank Department. The FDIC was named Receiver. Southern Bank, Poplar Bluff, MO acquired all deposit accounts.
The FDIC as Receiver for First Southern Bank, Batesville, AR has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 5, 2019 and has made all dividend distributions required by law.
Effective August 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: August 1, 2019
Publication Date: February 5, 2019
Report on dividends paid
Official press release
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: SOUTHERN BANK
About Southern Bank
All deposit accounts, excluding the Cede & Co. deposits, were transferred to Southern Bank, Poplar Bluff, MO ("assuming institution"). Former First Southern Bank locations reopened as branches of Southern Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Southern Bank for at least six months after the failure of First Southern Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Southern Bank as long as the deposits are not pledged as collateral for loans.
Contacting Southern Bank
You can contact Southern Bank:
2991 Oak Grove Road
Poplar Bluff, MO 63901
Southern Bank (www.bankwithsouthern.com)
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank