Bank failure · MS
Greenwood Fs & LA (Greenwood, MS) — failed February 23, 1990
Greenwood Fs & LA of Greenwood, Mississippi was closed on February 23, 1990 and resolved through a insured deposit transfer. Magnolia Fb for Savings (MS) took over its insured deposits. At failure it held $26.7M in assets and $25.6M in deposits. The FDIC's estimated loss on the failure is $4.5M (16.7% of assets).
- Closing date
- February 23, 1990
- FDIC certificate #
- 30854
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Magnolia Fb for Savings
- Insurance fund
- RTC
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