Bank failure · MS

The Mississippi Bank (Jackson, MS) — failed May 11, 1984

The Mississippi Bank of Jackson, Mississippi was closed on May 11, 1984 and resolved through a purchase and assumption. Grenada Bank (MS) took over its insured deposits. At failure it held $238.0M in assets and $183.0M in deposits. The FDIC's estimated loss on the failure is $20.0M (8.4% of assets).