Bank failure · MS
First Southern Sa (Pascagoula, MS) — failed March 20, 1987
First Southern Sa of Pascagoula, Mississippi was closed on March 20, 1987 and resolved through a insured deposit transfer. 0 (0) took over its insured deposits. At failure it held $47.1M in assets and $57.2M in deposits. The FDIC's estimated loss on the failure is $14.7M (31.2% of assets).
- Closing date
- March 20, 1987
- FDIC certificate #
- 31893
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- 0
- Insurance fund
- FSLIC
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