Data / Bank failures / 1982 / Clay County FS&LA
Clay County FS&LA, West Point, MS: received FDIC assistance December 20, 1982
Clay County FS&LA in West Point, Mississippi, received open bank assistance from the FDIC on December 20, 1982. It held $14.1 million in assets and $12.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $925,000 (6.6% of its assets). By assets it was the 96th largest of 119 banks closed or assisted in 1982.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- December 20, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Depositors Sa, Jackson, MS
- Total assets
- $14,082,104
- Total deposits
- $12,488,898
- Estimated cost to the FDIC
- $925,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28872
Other bank failures in Mississippi, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| American S&LA | Biloxi | April 3, 1984 | $9.4 million | $15.6 million | $10.4 million | |
| 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 |
All bank failures in 1982 · All bank failures in Mississippi · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.