Data / Bank failures / 1992 / Foxworth Bank
Foxworth Bank, Foxworth, MS: failed August 7, 1992
Foxworth Bank in Foxworth, Mississippi, failed on August 7, 1992. Trustmark National Bank of Jackson, MS, took over its deposits. It held $36.5 million in assets and $36 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.4 million (14.7% of its assets). By assets it was the 132nd largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- August 7, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Trustmark National Bank, Jackson, MS
- Total assets
- $36,460,000
- Total deposits
- $36,030,000
- Estimated cost to the FDIC
- $5,374,904 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- BIF
- FDIC certificate
- 20396
Other bank failures in Mississippi, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Security FS & La | Jackson | October 16, 1992 | $276.5 million | $271.4 million | $42.6 million | |
| Mercantile Savings Bank | Southaven | April 19, 1991 | $33.8 million | $34 million | $9.1 million | First TN Bank NA, MS |
| Peoples Federal Savings Bank | Bay ST. Louis | February 8, 1991 | $59.7 million | $53.9 million | $2.1 million | Hancock Bank |
| First City FSB | Lucedale | September 7, 1990 | $41.7 million | $38 million | $9 million | Magnolia FB for Savings |
| Charter Bank, A FSB | Hattiesburg | July 20, 1990 | $130.8 million | $68.9 million | $22.6 million | |
| First Jackson FSB | Jackson | June 29, 1990 | $116.5 million | $91.4 million | $22 million | Trustmark NB |
| Southern Federal Bank for Savings | Gulfport | June 22, 1990 | $142.8 million | $93.9 million | $35 million | |
| Mississippi Savings Bank, FSB | Batesville | May 8, 1990 | $172.3 million | $148.7 million | $16.3 million |
Other failed banks Trustmark National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Heritage Banking Group | Carthage | MS | April 15, 2011 | $228.3 million | $205 million | $37.8 million | Trustmark National Bank |
All bank failures in 1992 · All bank failures in Mississippi · Every failed bank Trustmark National Bank took over · 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.