Data / Bank failures / 1984 / American S&LA
American S&LA, Biloxi, MS: failed April 3, 1984
American S&LA in Biloxi, Mississippi, failed on April 3, 1984. It held $9.4 million in assets and $15.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.4 million (109.7% of its assets). By assets it was the 88th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- April 3, 1984
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Total assets
- $9,443,630
- Total deposits
- $15,630,680
- Estimated cost to the FDIC
- $10,358,600 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31836
Other bank failures in Mississippi, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Citizens S&LA (assistance) | Batesville | July 1, 1985 | $18.4 million | $13.3 million | $4.1 million | Mississippi FSB |
| Fidelity FS&LA (assistance) | Corinth | October 2, 1984 | $34.8 million | $33.6 million | $1.5 million | Fidelity FSB |
| The Mississippi Bank | Jackson | May 11, 1984 | $238 million | $183 million | $20 million | Grenada Bank |
| Jackson FS&LA (assistance) | Jackson | June 6, 1983 | $34.5 million | $23.8 million | $128,000 | First Jackson SB FSB |
| North Mississippi S&LA (assistance) | Clarksdale | April 1, 1983 | $152 million | $130.5 million | $42.7 million | Security S&LA |
| Clay County FS&LA (assistance) | West Point | December 20, 1982 | $14.1 million | $12.5 million | $925,000 | Depositors Sa |
All bank failures in 1984 · All bank failures in Mississippi · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.