Bank failure · MS
Central S & L Assoc. (Jackson, MS) — failed April 6, 1989
Central S & L Assoc. of Jackson, Mississippi was closed on April 6, 1989 and resolved through a insured deposit transfer. Bank of Forest (MS) took over its insured deposits. At failure it held $52.1M in assets and $72.9M in deposits. The FDIC's estimated loss on the failure is $41.0M (78.8% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 31831
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Bank of Forest
- Insurance fund
- RTC
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