Bank failure · MS
Fidelity FSB (Corinth, MS) — failed April 6, 1989
Fidelity FSB of Corinth, Mississippi was closed on April 6, 1989 and resolved through a purchase and assumption. Southbank, a FSB (MS) took over its insured deposits. At failure it held $116.4M in assets and $135.3M in deposits. The FDIC's estimated loss on the failure is $96.6M (83.0% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 32259
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Southbank, a FSB
- Insurance fund
- RTC
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