# FIDELITY FSB

> **Failed bank** · CORINTH, MS · failed 1989-04-06 · Savings bank · FDIC cost $97M

## What happened

FIDELITY FSB of CORINTH, MS was closed by state regulators on **1989-04-06**. The FDIC was named receiver.

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

Deposits were transferred to **SOUTHBANK, A FSB** (CORINTH, MS). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2345
- **FDIC Certificate:** 32259
- **FDIC FIN:** 6977
- **Bank name:** FIDELITY FSB
- **Location:** CORINTH, MS
- **Failure date:** 1989-04-06
- **FDIC resolution date:** 1990-05-04
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $97M
- **Deposits at failure:** $135M
- **Assets at failure:** $116M
- **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
- REPUBLIC BANK FOR SAVINGS (JACKSON, MS) — failed 1989-04-06 — /failed-bank/2331
- 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=FIDELITY%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIDELITY FSB (FDIC ID 2345), failed 1989-04-06. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2345.

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