Bank failure · MS

First National Bank (Rosedale, MS) — failed June 4, 2010

First National Bank of Rosedale, Mississippi was closed on June 4, 2010 and resolved through a purchase and assumption. The Jefferson Bank (MS) took over its insured deposits. At failure it held $60.4M in assets and $63.5M in deposits. The FDIC's estimated loss on the failure is $18.1M (29.9% of assets).