33 failures since 1934 · $701 million estimated loss
Bank failures in Mississippi
Mississippi has 33 bank failures on FDIC record since 1934, 0.9% of the national total and the 30th-highest count of any state or territory. The worst year was 1990, with 10. Since 2000 there have been 3; the most recent was Heritage Banking Group on April 15, 2011. The largest by assets was Unifirst Bank for Savings, FA of Jackson, with $738 million, in 1989.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| April 15, 2011 | Heritage Banking Group | Carthage, MS | $228 million | $37.8 million |
| June 4, 2010 | First National Bank | Rosedale, MS | $60.4 million | $18.1 million |
| September 29, 2000 | The Bank of Falkner | Falkner, MS | $85.5 million | $14.6 million |
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| October 16, 1992 | Security Savings and Loan Association | Jackson, MS | $276 million | $42.6 million |
| August 7, 1992 | Foxworth Bank | Foxworth, MS | $36.5 million | $5.4 million |
| April 19, 1991 | Mercantile Savings Bank | Southaven, MS | $33.8 million | $9.1 million |
| February 8, 1991 | Peoples Federal Savings and Loan Association | Bay St. Louis, MS | $59.7 million | $2.1 million |
| September 7, 1990 | First City Federal Savings and Loan Association | Lucedale, MS | $41.7 million | $9.0 million |
| July 20, 1990 | Charter Bank, A Federal Savings Bank | Hattiesburg, MS | $131 million | $22.6 million |
| June 29, 1990 | First Jackson Savings Bank, FSB | Jackson, MS | $117 million | $22.0 million |
| June 22, 1990 | Southern Federal Bank for Savings | Gulfport, MS | $143 million | $35.0 million |
| May 8, 1990 | Mississippi Savings Bank | Batesville, MS | $172 million | $16.3 million |
| April 20, 1990 | Southeastern Savings Bank | Laurel, MS | $49.8 million | $8.9 million |
| March 16, 1990 | Great American Federal Savings and Loan Association | Corinth, MS | $159 million | $29.8 million |
| February 23, 1990 | First Federal Savings and Loan Association | Greenwood, MS | $26.7 million | $4.5 million |
| January 18, 1990 | First Federal Savings and Loan Association of Brookhaven | Brookhaven, MS | $42.7 million | $8.2 million |
| January 4, 1990 | First Guaranty Bank for Savings | Hattiesburg, MS | $241 million | $79.5 million |
| August 10, 1989 | Unifirst Bank for Savings, FA | Jackson, MS | $738 million | $59.1 million |
| April 6, 1989 | State Mutual Federal Savings and Loan Association | Jackson, MS | $8.7 million | $4.0 million |
| April 6, 1989 | Delta Federal Savings and Loan Association | Drew, MS | $10.3 million | $8.5 million |
| April 6, 1989 | Republic Bank for Savings, FA | Jackson, MS | $43.4 million | $73.6 million |
| April 6, 1989 | Central Savings and Loan Association | Jackson, MS | $52.1 million | $41.0 million |
| April 6, 1989 | Fidelity FSB | Corinth, MS | $116 million | $96.6 million |
| January 27, 1989 | First Financial Savings and Loan Association | New Albany, MS | $20.8 million | $4.9 million |
| April 22, 1987 | Bank of North Mississippi | Oakland, MS | $14.5 million | $2.7 million |
| March 20, 1987 | First Southern Savings Association Jackson County | Pascagoula, MS | $47.1 million | $14.7 million |
| May 11, 1984 | The Mississippi Bank | Jackson, MS | $238 million | $20.0 million |
| April 3, 1984 | American Savings and Loan Association | Biloxi, MS | $9.4 million | $10.4 million |
| September 28, 1979 | Fidelity Bank | Utica, MS | $32.8 million | not estimated |
| June 18, 1975 | Bank of Picayune | Picayune, MS | $18.0 million | not estimated |
| March 8, 1941 | Bank of Baldwyn | Baldwyn, MS | $233 thousand | not estimated |
| March 31, 1936 | Bank of Holcomb | Holcomb, MS | $23 thousand | not estimated |
| February 17, 1936 | Merchants and Farmers Bank | Starkville, MS | $213 thousand | not estimated |