Bank failure · MS
Charter Bank, a FSB (Hattiesburg, MS) — failed July 20, 1990
Charter Bank, a FSB of Hattiesburg, Mississippi was closed on July 20, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $130.8M in assets and $68.9M in deposits. The FDIC's estimated loss on the failure is $22.6M (17.3% of assets).
- Closing date
- July 20, 1990
- FDIC certificate #
- 32208
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
Other failures in 1990
- Capitol Bank and Trust Company MA
- First Fs & LA of Andalusia AL
- Southern Fs LA
- Enterprise Savings Bank, Fa IL
- Arkansas FSB AR
- Mid-America Fs & LA OH
- Far Western Bank CA
- Home Federal Bank for Savings IL
- Community Fs & LA MO
- Frontier Savings Association NV
- Old Borough Savings & Loan NJ
- The State Bank of Omaha TX
- Comfed Savings Bank MA
- Peoples State Bank TX
- Empire Savings Bank NJ
- Olympic Federal Savings IL
- First Commercial Bank of Florida FL
- Washington County State Bank TX
- First State Bank OK
- Bank of Commerce LA
- New England Allbank for Savings MA
- First National Bank of Rowlett TX
- Heights Bank TX
- Texarkana Fs & LA AR