Bank failure · MS
Southeastern Federal Savings Bank (Laurel, MS) — failed April 20, 1990
Southeastern Federal Savings Bank of Laurel, Mississippi was closed on April 20, 1990 and resolved through a insured deposit transfer. Citizens Nb of Meridian (MS) took over its insured deposits. At failure it held $49.8M in assets and $38.4M in deposits. The FDIC's estimated loss on the failure is $8.9M (17.9% of assets).
- Closing date
- April 20, 1990
- FDIC certificate #
- 31897
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Citizens Nb of Meridian
- Insurance fund
- RTC
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