Magnolia Federal Bank for Savings

Magnolia Federal Bank for Savings Overview

Magnolia Federal Bank for Savings, founded in July 1, 1934, is currently an active FDIC insured bank. The chartering agency for Magnolia Federal Bank for Savings is currently with the Office of Thrift Supervision. This FDIC insured bank is not being operated by government conservatorship. Magnolia Federal Bank for Savings has an FDIC insurance membership with the SAIF – Savings Association Insurance Fund and is regulated by the Office of Thrift Supervision (OTS).

Magnolia Federal Bank for Savings is assigned uner the Dallas Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on October 31, 1934.

Address Location and Maps for Magnolia Federal Bank for Savings

Bank Name Magnolia Federal Bank for Savings FDIC Bank Location for Magnolia Federal Bank for Savings
Address 130 West Front Street
Hattiesburg, MS 39401
County: Forrest
Bank’s State: Mississippi
Website: Unknown

 

Magnolia Federal Bank for Savings Detailed Information

FDIC Certificate ID 29018
Bank Institution Name Magnolia Federal Bank for Savings
Is the Bank Active? Active
Office of Thrift Supervision Docket ID 2772
Total Assets $1,281,258,000
Total Deposits $954,683,000
Regulator Office of Thrift Supervision (OTS)
Bank Charter Class SA – Savings Association. Bank is supervised by the Office of Thrift Supervision (OTS). It is either a state or federal charter.
FDIC Bank’s Chartering Agency Office of Thrift Supervision
Bank is FDIC Insured No, FDIC insured bank is NOT a member of the Bank Insurance Fund
Bank Insurance Fund SAIF – Savings Association Insurance Fund
Date of Deposit Insurance October 31, 1934
Change Code 223
Change Code Description Merger – FDIC Insured Bank Without Assistance
OCC Bank Charter Number No FDIC Bank Charter Number
Conservatorship FDIC insured bank is not being operated by government conservatorship.
Inactive Bank that used to be FDIC insured? Yes
Credit Card Institution No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold.
Insured Commercial Banks Yes
FDIC Supervisory Region Dallas
Insured Savings Institution Yes, Bank is Savings Association Insurance Fund (SAIF) insured
State Charter No
County Forrest
Office of Thrift Supervision Region West
Assigned Federal Reserve District Dallas
Oakar Institutions No
FDIC Field Office 1
Insured offices of foreign banks 0

Magnolia Federal Bank for Savings is insured by the Federal Deposit Insurance Corporation (FDIC)

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