Bank failure · MS

Clay County Fs&la (West Point, MS) — failed December 20, 1982

Clay County Fs&la of West Point, Mississippi was closed on December 20, 1982 and resolved through a a/a. Depositors Sa (MS) took over its insured deposits. At failure it held $14.1M in assets and $12.5M in deposits. The FDIC's estimated loss on the failure is $925K (6.6% of assets).