Bank failure · MS
Unifirst Bank for Savings (Jackson, MS) — failed August 10, 1989
Unifirst Bank for Savings of Jackson, Mississippi was closed on August 10, 1989 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $738.3M in assets and $606.8M in deposits. The FDIC's estimated loss on the failure is $59.1M (8.0% of assets).
- Closing date
- August 10, 1989
- FDIC certificate #
- 29076
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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