THE MISSISSIPPI BANK Failed 1984
What happened
THE MISSISSIPPI BANK of JACKSON, MS was closed on 1984-05-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GRENADA BANK (GRENADA, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 875
- FDIC Certificate
- 17036
- FDIC FIN
- 2386
- Bank name
- THE MISSISSIPPI BANK
- Location
- JACKSON, MS
- Failure date
- 1984-05-11
- FDIC resolution date
- 1984-05-11
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $20M
- Deposits at failure
- $183M
- Assets at failure
- $238M
- Acquiring bank
- GRENADA BANK (GRENADA, MS)