# REPUBLIC BANK FOR SAVINGS

> **Failed bank** · JACKSON, MS · failed 1989-04-06 · Savings bank · FDIC cost $74M

## What happened

REPUBLIC BANK FOR SAVINGS of JACKSON, MS was closed by state regulators 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
- **Estimated FDIC DIF cost:** $74M
- **Deposits at failure:** $85M
- **Assets at failure:** $43M
- **Acquiring bank:** SOUTHBANK, A FSB (CORINTH, MS)

## Other banks SOUTHBANK, A FSB has acquired in FDIC resolutions

- PALM BEACH FSA (PALM BEACH GARDEN, FL) — failed 1992-12-08 — /failed-bank/3425
- FIDELITY FSB (CORINTH, MS) — failed 1989-04-06 — /failed-bank/2345
- COMMONWEALTH S & L ASSOC. (OSCEOLA, AR) — failed 1989-03-02 — /failed-bank/2155

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=REPUBLIC%20BANK%20FOR%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, REPUBLIC BANK FOR SAVINGS (FDIC ID 2331), failed 1989-04-06. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/failed-bank/2331.

---

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