DELTA FS & LA Failed 1989
What happened
DELTA FS & LA of DREW, 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 DELTA BANK & TRUST (DREW, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2336
- FDIC Certificate
- 31855
- FDIC FIN
- 7105
- Bank name
- DELTA FS & LA
- Location
- DREW, MS
- Failure date
- 1989-04-06
- FDIC resolution date
- 1990-06-29
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $9M
- Deposits at failure
- $14M
- Assets at failure
- $10M
- Acquiring bank
- DELTA BANK & TRUST (DREW, MS)