Bank failure · MS

Bank of Falkner (Falkner, MS) — failed September 29, 2000

Bank of Falkner of Falkner, Mississippi was closed on September 29, 2000 and resolved through a purchase and assumption (insured deposits). Citizens Bank & Savings Com (AL) took over its insured deposits. At failure it held $85.5M in assets and $77.1M in deposits. The FDIC's estimated loss on the failure is $14.6M (17.1% of assets).