# THE BANK OF NORTH MISSISSIPPI

> **Failed bank** · OAKLAND, MS · failed 1987-04-22 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

THE BANK OF NORTH MISSISSIPPI of OAKLAND, MS was closed by regulators on **1987-04-22**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **BANK OF MISSISSIPPI** (TUPELO, MS). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1420
- **FDIC Certificate:** 11426
- **FDIC FIN:** 2679
- **Bank name:** THE BANK OF NORTH MISSISSIPPI
- **Location:** OAKLAND, MS
- **Failure date:** 1987-04-22
- **FDIC resolution date:** 1987-04-22
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $14M
- **Assets at failure:** $14M
- **Acquiring bank:** BANK OF MISSISSIPPI (TUPELO, MS)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20BANK%20OF%20NORTH%20MISSISSIPPI

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE BANK OF NORTH MISSISSIPPI (FDIC ID 1420), failed 1987-04-22. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/1420.

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