This institution is no longer active

Operations ceased on October 25, 1991. CRA examination history below reflects the period it was active.

MERCANTILE SAVINGS BANK

SOUTHAVEN, MS · Supervised by OTS

Est. 1991FDIC #33,386

Substantial Noncompliance

Current rating · Exam: October 1990

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At a Glance

Community Lending (CRA)

Substantial Noncompliance

Serious failures in community lending obligations — can trigger regulatory consequences

Institution Profile

FDIC BankFind

Address

579 Goodman Road East, SOUTHAVEN, MS

County

Desoto County

Established

April 19, 1991

Total Assets

$22M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Substantial Noncompliance

Serious failures in community lending obligations — can trigger regulatory consequences

Exam Date

October 15, 1990

Exam Type

Assessment Factor

Regulator

OTS

What is a CRA rating? →

⚠️This exam is 35 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Download Evaluation Report (PDF)

This is the only examination on record for this bank.

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