REPUBLIC BANK FOR SAVINGS Failed 1989
What happened
REPUBLIC BANK FOR SAVINGS of JACKSON, MS was closed on 1989-04-06. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to SOUTHBANK, A FSB (CORINTH, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2331
- FDIC Certificate
- 31542
- FDIC FIN
- 7106
- Bank name
- REPUBLIC BANK FOR SAVINGS
- Location
- JACKSON, MS
- Failure date
- 1989-04-06
- FDIC resolution date
- 1990-06-29
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $74M
- Deposits at failure
- $85M
- Assets at failure
- $43M
- Acquiring bank
- SOUTHBANK, A FSB (CORINTH, MS)
Other banks SOUTHBANK, A FSB acquired in FDIC resolutions