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Bank failure · MS

Bank of Picayune (Picayune, MS) — failed June 18, 1975

Bank of Picayune of Picayune, Mississippi was closed on June 18, 1975 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $18.0M in assets and $15.4M in deposits.

Closing date
June 18, 1975
FDIC certificate #
11427
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails