CENTRAL S & L ASSOC. Failed 1989
What happened
CENTRAL S & L ASSOC. 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 BANK OF FOREST (FOREST, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2335
- FDIC Certificate
- 31831
- FDIC FIN
- 7192
- Bank name
- CENTRAL S & L ASSOC.
- Location
- JACKSON, MS
- Failure date
- 1989-04-06
- FDIC resolution date
- 1990-09-28
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $41M
- Deposits at failure
- $73M
- Assets at failure
- $52M
- Acquiring bank
- BANK OF FOREST (FOREST, MS)