Data / Bank failures / 1983 / Jackson FS&LA
Jackson FS&LA, Jackson, MS: received FDIC assistance June 6, 1983
Jackson FS&LA in Jackson, Mississippi, received open bank assistance from the FDIC on June 6, 1983. It held $34.5 million in assets and $23.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $128,000 (0.4% of its assets). By assets it was the 61st largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- June 6, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First Jackson SB FSB, Jackson, MS
- Total assets
- $34,508,439
- Total deposits
- $23,797,059
- Estimated cost to the FDIC
- $128,000 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 31640
Other bank failures in Mississippi, 1981 to 1985
| 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 |
| American S&LA | Biloxi | April 3, 1984 | $9.4 million | $15.6 million | $10.4 million | |
| 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 1983 · 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.