# NORTH MISSISSIPPI S&LA

> **Failed bank** · CLARKSDALE, MS · failed 1983-04-01 · SL · FDIC cost $43M

## What happened

NORTH MISSISSIPPI S&LA of CLARKSDALE, MS was closed by state regulators on **1983-04-01**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **SECURITY S&LA** (JACKSON, MS). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 768
- **FDIC Certificate:** 31863
- **FDIC FIN:** 0
- **Bank name:** NORTH MISSISSIPPI S&LA
- **Location:** CLARKSDALE, MS
- **Failure date:** 1983-04-01
- **FDIC resolution date:** 1984-08-31
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $43M
- **Deposits at failure:** $131M
- **Assets at failure:** $152M
- **Acquiring bank:** SECURITY S&LA (JACKSON, MS)

## Other banks SECURITY S&LA has acquired in FDIC resolutions

- PRINCETON S&LA (PRINCETON, NJ) — failed 1982-07-31 — /failed-bank/686
- CARLSBAD S&LA (CARLSBAD, NM) — failed 1980-05-01 — /failed-bank/569

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NORTH MISSISSIPPI S&LA (FDIC ID 768), failed 1983-04-01. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/768.

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