Bank failure · MS
Great American Fs & LA (Corinth, MS) — failed March 16, 1990
Great American Fs & LA of Corinth, Mississippi was closed on March 16, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $159.2M in assets and $133.2M in deposits. The FDIC's estimated loss on the failure is $29.8M (18.7% of assets).
- Closing date
- March 16, 1990
- FDIC certificate #
- 31828
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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