Data / Bank failures / 1983 / North Mississippi S&LA
North Mississippi S&LA, Clarksdale, MS: received FDIC assistance April 1, 1983
North Mississippi S&LA in Clarksdale, Mississippi, received open bank assistance from the FDIC on April 1, 1983. It held $152 million in assets and $130.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $42.7 million (28.1% of its assets). By assets it was the 20th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- April 1, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Security S&LA, Jackson, MS
- Total assets
- $151,971,005
- Total deposits
- $130,520,644
- Estimated cost to the FDIC
- $42,699,480 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31863
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 | |
| Jackson FS&LA (assistance) | Jackson | June 6, 1983 | $34.5 million | $23.8 million | $128,000 | First Jackson SB FSB |
| Clay County FS&LA (assistance) | West Point | December 20, 1982 | $14.1 million | $12.5 million | $925,000 | Depositors Sa |
Other failed banks Security S&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Princeton S&LA (assistance) | Princeton | NJ | July 31, 1982 | $249.6 million | $197.2 million | Security S&LA | |
| Carlsbad S&LA (assistance) | Carlsbad | NM | May 1, 1980 | $26.7 million | $20.1 million | $1.5 million | Security S&LA |
All bank failures in 1983 · All bank failures in Mississippi · Every failed bank Security S&LA 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.