Bank failure · MS

First Jackson FSB (Jackson, MS) — failed June 29, 1990

First Jackson FSB of Jackson, Mississippi was closed on June 29, 1990 and resolved through a purchase and assumption. Trustmark Nb (MS) took over its insured deposits. At failure it held $116.5M in assets and $91.4M in deposits. The FDIC's estimated loss on the failure is $22.0M (18.8% of assets).