Bank failure · MS

Security Fs & LA (Jackson, MS) — failed October 16, 1992

Security Fs & LA of Jackson, Mississippi was closed on October 16, 1992 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $276.5M in assets and $271.4M in deposits. The FDIC's estimated loss on the failure is $42.6M (15.4% of assets).