The Graveyard › Banks › 1987

Bank of North Mississippi

Oakland, MS · failed April 22, 1987 · FDIC certificate 11426

Bank of North Mississippi of Oakland, MS failed on April 22, 1987. It opened on March 1, 1904, 83 years before. At its last report before that it held $14.5 million in assets and $13.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $22.3 million. The FDIC estimates that the FDIC's insurance fund lost $2.7 million on it.

1984-031986-12

Assets at the end$14.5 millionlast report before April 22, 1987

Deposits at the end$13.8 million

Estimated loss to the fund$2.7 millionFDIC

Largest in the quarterly reports$22.3 millionDecember 31, 1984

Equity to assets2.9%December 31, 1986

Loans not being repaid22.7%noncurrent, December 31, 1986

Return on assets-7.28%a year's rate, December 31, 1986

Staff24full time, December 31, 1986

On the FDIC's list: THE BANK OF NORTH MISSISSIPPI.

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Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.