# BANK OF THE MID-SOUTH

> **Failed bank** · BOSSIER CITY, LA · failed 1988-08-25 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

BANK OF THE MID-SOUTH of BOSSIER CITY, LA was closed by regulators on **1988-08-25**. The FDIC was named receiver.

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

Deposits were transferred to **RED RIVER VALLEY BANK** (BOSSIER CITY, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1878
- **FDIC Certificate:** 22845
- **FDIC FIN:** 2896
- **Bank name:** BANK OF THE MID-SOUTH
- **Location:** BOSSIER CITY, LA
- **Failure date:** 1988-08-25
- **FDIC resolution date:** 1988-08-25
- **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:** $7M
- **Deposits at failure:** $41M
- **Assets at failure:** $42M
- **Acquiring bank:** RED RIVER VALLEY BANK (BOSSIER CITY, LA)

## Other banks RED RIVER VALLEY BANK has acquired in FDIC resolutions

- BANK OF BENTON (BENTON, LA) — failed 1989-01-05 — /failed-bank/2065

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF THE MID-SOUTH (FDIC ID 1878), failed 1988-08-25. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1878.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*