The September failure of the $66.3 million-asset Allied Bank of Mulberry marked the fifth lender in the nation to go under so far this year. Others are:
- The Woodbury Banking Co. of Woodbury, Georgia, in August.
Total assets: $21.4 million. - First CornerStone Bank of King of Prussia, Pennsylvania, in May.
Total assets: $103.3 million. - Trust Co. Bank of Memphis in April.
Total assets: $20.7 million. - North Milwaukee State Bank of Milwaukee in March.
Total Assets: $67.1 million.
The last Arkansas bank to fail was the $191.8 million-asset First Southern Bank of Batesville in December 2010. The 2005 launch of First Southern marked a third investment in an out-of-market startup by some financial backers.
Investors in First State Bank of Lonoke, Fidelity National Bank of West Memphis and Cross County Bank of Wynne also helped fund Pinnacle Bank and Central Bank.