Bank failure · MS
The Bank of North Mississippi (Oakland, MS) — failed April 22, 1987
The Bank of North Mississippi of Oakland, Mississippi was closed on April 22, 1987 and resolved through a purchase and assumption. Bank of Mississippi (MS) took over its insured deposits. At failure it held $14.5M in assets and $13.8M in deposits. The FDIC's estimated loss on the failure is $2.7M (18.8% of assets).
- Closing date
- April 22, 1987
- FDIC certificate #
- 11426
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Mississippi
- Insurance fund
- FDIC
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