Data / Bank failures / 1984 / The Mississippi Bank
The Mississippi Bank, Jackson, MS: failed May 11, 1984
The Mississippi Bank in Jackson, Mississippi, failed on May 11, 1984. Grenada Bank of Grenada, MS, took over its deposits. It held $238 million in assets and $183 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $20 million (8.4% of its assets). By assets it was the 12th largest of 106 banks closed or assisted in 1984.
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
- May 11, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Grenada Bank, Grenada, MS
- Total assets
- $238,037,000
- Total deposits
- $182,956,000
- Estimated cost to the FDIC
- $20,034,930 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 17036
Other bank failures in Mississippi, 1982 to 1986
| 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 |
| 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 |
All bank failures in 1984 · 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.