Bank failure · MS
Delta Fs & LA (Drew, MS) — failed April 6, 1989
Delta Fs & LA of Drew, Mississippi was closed on April 6, 1989 and resolved through a insured deposit transfer. Delta Bank & Trust (MS) took over its insured deposits. At failure it held $10.3M in assets and $13.8M in deposits. The FDIC's estimated loss on the failure is $8.5M (83.0% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 31855
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Delta Bank & Trust
- Insurance fund
- RTC
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