Failures by State
Bank Failures in Mississippi
33 FDIC-insured banks headquartered in Mississippi have failed since 1936. The most recent was Heritage Banking Group on April 15, 2011. The worst year was 1990, with 10 failures. Failed banks held $3.25B in assets at closing.
33
Failures
1936 to 2011
$3.25B
Failed assets
At closing
$701.1M
Estimated DIF loss
FDIC estimate
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All Mississippi events
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Largest bank failures in Mississippi
| Date | Bank | Assets |
|---|---|---|
| Aug 10, 1989 | Unifirst Bank for Savings | $738.3M |
| Oct 16, 1992 | Security FS & La | $276.5M |
| Jan 4, 1990 | First Guaranty Bank for Savings | $241.0M |
| May 11, 1984 | The Mississippi Bank | $238.0M |
| Apr 15, 2011 | Heritage Banking Group | $228.3M |
| May 8, 1990 | Mississippi Savings Bank, FSB | $172.3M |
| Mar 16, 1990 | Great American FS & La | $159.2M |
| Jun 22, 1990 | Southern Federal Bank for Savings | $142.8M |
| Jul 20, 1990 | Charter Bank, a FSB | $130.8M |
| Jun 29, 1990 | First Jackson FSB | $116.5M |
Mississippi bank failures by year
Every bank failure in Mississippi
| Date | Bank | Assets |
|---|---|---|
| Apr 15, 2011 | Heritage Banking Group | $228.3M |
| Jun 4, 2010 | First National Bank | $60.4M |
| Sep 29, 2000 | Bank of Falkner | $85.5M |
| Oct 16, 1992 | Security FS & La | $276.5M |
| Aug 7, 1992 | Foxworth Bank | $36.5M |
| Apr 19, 1991 | Mercantile Savings Bank | $33.8M |
| Feb 8, 1991 | Peoples Federal Savings Bank | $59.7M |
| Sep 7, 1990 | First City FSB | $41.7M |
| Jul 20, 1990 | Charter Bank, a FSB | $130.8M |
| Jun 29, 1990 | First Jackson FSB | $116.5M |
| Jun 22, 1990 | Southern Federal Bank for Savings | $142.8M |
| May 8, 1990 | Mississippi Savings Bank, FSB | $172.3M |
| Apr 20, 1990 | Southeastern Federal Savings Bank | $49.8M |
| Mar 16, 1990 | Great American FS & La | $159.2M |
| Feb 23, 1990 | Greenwood FS & La | $26.7M |
| Jan 18, 1990 | Brookhaven FS & La | $42.7M |
| Jan 4, 1990 | First Guaranty Bank for Savings | $241.0M |
| Aug 10, 1989 | Unifirst Bank for Savings | $738.3M |
| Apr 6, 1989 | Fidelity FSB | $116.4M |
| Apr 6, 1989 | Central S & L Assoc. | $52.1M |
| Apr 6, 1989 | Republic Bank for Savings | $43.4M |
| Apr 6, 1989 | Delta FS & La | $10.3M |
| Apr 6, 1989 | State Mutual FED. S & L Assoc. | $8.7M |
| Jan 27, 1989 | First FS&LA in New Albany | $20.8M |
| Apr 22, 1987 | The Bank of North Mississippi | $14.5M |
| Mar 20, 1987 | First Southern Sa | $47.1M |
| May 11, 1984 | The Mississippi Bank | $238.0M |
| Apr 3, 1984 | American S&LA | $9.4M |
| Sep 28, 1979 | Fidelity Bank | $32.8M |
| Jun 18, 1975 | Bank of Picayune | $18.0M |
| Mar 8, 1941 | Bank of Baldwyn | $233K |
| Mar 31, 1936 | Bank of Holcomb | $23K |
| Feb 17, 1936 | Merchants and Farmers Bank | $213K |
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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