Bank failure · MS

Mississippi Savings Bank, FSB (Batesville, MS) — failed May 8, 1990

Mississippi Savings Bank, FSB of Batesville, Mississippi was closed on May 8, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $172.3M in assets and $148.7M in deposits. The FDIC's estimated loss on the failure is $16.3M (9.5% of assets).