FOXWORTH BANK Failed 1992
What happened
FOXWORTH BANK of FOXWORTH, MS was closed on 1992-08-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TRUSTMARK NATIONAL BANK (JACKSON, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3364
- FDIC Certificate
- 20396
- FDIC FIN
- 4508
- Bank name
- FOXWORTH BANK
- Location
- FOXWORTH, MS
- Failure date
- 1992-08-07
- FDIC resolution date
- 1992-08-07
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $36M
- Assets at failure
- $36M
- Acquiring bank
- TRUSTMARK NATIONAL BANK (JACKSON, MS)
Other banks TRUSTMARK NATIONAL BANK acquired in FDIC resolutions