GREENWOOD FS & LA Failed 1990
What happened
GREENWOOD FS & LA of GREENWOOD, MS was closed on 1990-02-23. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to MAGNOLIA FB FOR SAVINGS (HATTIESBURG, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2675
- FDIC Certificate
- 30854
- FDIC FIN
- 7299
- Bank name
- GREENWOOD FS & LA
- Location
- GREENWOOD, MS
- Failure date
- 1990-02-23
- FDIC resolution date
- 1991-05-31
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $26M
- Assets at failure
- $27M
- Acquiring bank
- MAGNOLIA FB FOR SAVINGS (HATTIESBURG, MS)
Other banks MAGNOLIA FB FOR SAVINGS acquired in FDIC resolutions