Data / Bank failures / Mississippi
Bank failures in Mississippi: 33 banks since 1936
33 banks in Mississippi failed between 1936 and 2011, holding $3.25 billion in assets and $2.86 billion in deposits. The FDIC estimates the cost to its insurance fund at $701.1 million. The FDIC also assisted 5 open banks without closing them. The largest: Unifirst Bank for Savings ($738.3 million), Security FS & La ($276.5 million), First Guaranty Bank for Savings ($241 million). By decade: 1930s 2, 1940s 1, 1970s 2, 1980s 16, 1990s 14, 2000s 1, 2010s 2.
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.
Every failure, newest first
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Heritage Banking Group | Carthage | April 15, 2011 | $228.3 million | $205 million | $37.8 million | Trustmark National Bank |
| First National Bank | Rosedale | June 4, 2010 | $60.4 million | $63.5 million | $18.1 million | The Jefferson Bank |
| Bank of Falkner | Falkner | September 29, 2000 | $85.5 million | $77.1 million | $14.6 million | Citizens Bank & Savings Com |
| Security FS & La | Jackson | October 16, 1992 | $276.5 million | $271.4 million | $42.6 million | |
| Foxworth Bank | Foxworth | August 7, 1992 | $36.5 million | $36 million | $5.4 million | Trustmark National Bank |
| 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 | |
| Southeastern Federal Savings Bank | Laurel | April 20, 1990 | $49.8 million | $38.4 million | $8.9 million | Citizens NB of Meridian |
| Great American FS & La | Corinth | March 16, 1990 | $159.2 million | $133.2 million | $29.8 million | |
| Greenwood FS & La | Greenwood | February 23, 1990 | $26.7 million | $25.6 million | $4.5 million | Magnolia FB for Savings |
| Brookhaven FS & La | Brookhaven | January 18, 1990 | $42.7 million | $42 million | $8.2 million | Magnolia FB for Savings |
| First Guaranty Bank for Savings | Hattiesburg | January 4, 1990 | $241 million | $179.8 million | $79.5 million | |
| Unifirst Bank for Savings | Jackson | August 10, 1989 | $738.3 million | $606.8 million | $59.1 million | |
| Fidelity FSB | Corinth | April 6, 1989 | $116.4 million | $135.3 million | $96.6 million | Southbank, A FSB |
| Delta FS & La | Drew | April 6, 1989 | $10.3 million | $13.8 million | $8.5 million | Delta Bank & Trust |
| Central S & L Assoc. | Jackson | April 6, 1989 | $52.1 million | $72.9 million | $41 million | Bank of Forest |
| Republic Bank for Savings | Jackson | April 6, 1989 | $43.4 million | $85.2 million | $73.6 million | Southbank, A FSB |
| State Mutual Fed. S & L Assoc. | Jackson | April 6, 1989 | $8.7 million | $9.8 million | $4 million | First Commerce SB |
| First FS&LA in New Albany | New Albany | January 27, 1989 | $20.8 million | $17.5 million | $4.9 million | |
| The Bank of North Mississippi | Oakland | April 22, 1987 | $14.5 million | $13.8 million | $2.7 million | Bank of Mississippi |
| First Southern Sa | Pascagoula | March 20, 1987 | $47.1 million | $57.2 million | $14.7 million | |
| 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 |
| 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 |
| Fidelity Bank | Utica | September 28, 1979 | $32.8 million | $30.2 million | ||
| Bank of Picayune | Picayune | June 18, 1975 | $18 million | $15.4 million | ||
| Bank of Baldwyn | Baldwyn | March 8, 1941 | $233,000 | $179,000 | ||
| Bank of Holcomb | Holcomb | March 31, 1936 | $23,000 | $11,000 | ||
| Merchants and Farmers Bank | Starkville | February 17, 1936 | $213,000 | $142,000 |
Other states
- Alabama 39
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Iowa 83
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Maryland 36
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Jersey 112
- New Mexico 32
- New York 104
- North Carolina 30
- North Dakota 43
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- South Dakota 44
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Virginia 54
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
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.