Advertisement

Federal regulators will provide about $19.6 million...

Federal regulators will provide about $19.6 million in cash to help a private investor group that is putting up $4.5 million to acquire the insolvent First Federal Savings Bank of Rogers, Ark. First Federal was a federal mutual association with five offices in northwest Arkansas, with assets of $124.8 million and liabilities of $140.2 million. This was the 97th resolution of an insolvent thrift so far in 1988, the Federal Home Loan Bank Board said. KW Bancshares Inc., a newly formed, wholly owned savings and loan holding company of Kemmons Wilson Inc. of Memphis, Tenn., is acquiring all the common stock of First Federal.


Advertisement
Advertisement