# SECURITY FS & LA

> **Failed bank** · JACKSON, MS · failed 1992-10-16 · SL · FDIC cost $43M

## What happened

SECURITY FS & LA of JACKSON, MS was closed by state regulators on **1992-10-16**. The FDIC was named receiver.

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

Deposits were transferred to **BRANCH SALE** (NONE, NA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3384
- **FDIC Certificate:** 31418
- **FDIC FIN:** 1266
- **Bank name:** SECURITY FS & LA
- **Location:** JACKSON, MS
- **Failure date:** 1992-10-16
- **FDIC resolution date:** 1994-04-15
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $43M
- **Deposits at failure:** $271M
- **Assets at failure:** $276M
- **Acquiring bank:** BRANCH SALE (NONE, NA)

## Other banks BRANCH SALE has acquired in FDIC resolutions

- WESTERN FSB (MARINA DEL RAY, CA) — failed 1993-06-04 — /failed-bank/3457
- PIONEER FS & LA (PRAIRIE VILLAGE, KS) — failed 1993-04-02 — /failed-bank/3448
- SECOND NATIONAL, FSB (SALISBURY, MD) — failed 1992-12-04 — /failed-bank/3424
- CARTERET FSB (MADISON, NJ) — failed 1992-12-04 — /failed-bank/3422
- POLIFLY FS & LA (NEW MILFORD, NJ) — failed 1992-11-20 — /failed-bank/3417
- IRVING FB FOR SAVINGS (CHICAGO, IL) — failed 1992-11-20 — /failed-bank/3416
- FIRST FSB OF GEORGIA, FA (WINDER, GA) — failed 1992-11-06 — /failed-bank/3408
- HOMESTEAD FSA (SAN FRANCISCO, CA) — failed 1992-10-30 — /failed-bank/3406
- STANDARD FSB (GAITHERSBURG, MD) — failed 1992-10-21 — /failed-bank/3385
- FIRST RUSSELL COUNTY (PHENIX CITY, AL) — failed 1992-07-24 — /failed-bank/3362

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY FS & LA (FDIC ID 3384), failed 1992-10-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3384.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*