TellerScore

Bank failure · MS

American S&la (Biloxi, MS) — failed April 3, 1984

American S&la of Biloxi, Mississippi was closed on April 3, 1984 and resolved through a insured deposit transfer. 0 (0) took over its insured deposits. At failure it held $9.4M in assets and $15.6M in deposits. The FDIC's estimated loss on the failure is $10.4M (109.7% of assets).

Closing date
April 3, 1984
FDIC certificate #
31836
Resolution
Insured deposit transfer (failure)
Acquiring institution
0
Insurance fund
FSLIC

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What happens when a bank fails