Bank Branches › Closed and merged banks › Mississippi › Mercantile Savings Bank
What happened to Mercantile Savings Bank?
Mercantile Savings Bank in Southaven, MS (earlier called North Delta Savings and Loan Association) failed, and Mercantile Federal Savings Bank of Southaven, MS took it over on Apr 19, 1991. After 2 more changes of hands, what was Mercantile Savings Bank is today part of First Horizon Bank (Memphis, TN).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1973North Delta Savings and Loan Association opens in Southaven, MS
- Mar 31, 1984renamed Mercantile Savings Bank
- Apr 19, 1991FAILEDMercantile Savings Bank failed, and Mercantile Federal Savings Bank of Southaven, MS took it over.FDIC certificate 31914 ends; its business continues under certificate 33386.
- Oct 25, 1991RESOLVEDMercantile Federal Savings Bank of Southaven, MS was closed in a federal resolution, and its business passed to First Tennessee Bank National Association Mississippi of Southaven, MS.FDIC certificate 33386 ends; its business continues under certificate 33521.
- Dec 18, 1998MERGEDFirst Tennessee Bank National Association Mississippi of Southaven, MS merged into First Tennessee Bank, National Association of Memphis, TN.FDIC certificate 33521 ends; its business continues under certificate 4977.
- TodayOPEN
First Horizon BankMain office Memphis, TN · FDIC certificate 4977 · 406 offices in 12 states on June 30, 2026Every First Horizon Bank office → Website on file with the FDIC: www.firsthorizon.com
If you still have something from Mercantile Savings Bank
A lien that was never released
Mercantile Savings Bank failed on Apr 19, 1991, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask First Horizon Bank as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Mercantile Federal Savings Bank). Start with First Horizon Bank, and ask them to search under the name Mercantile Savings Bank.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask First Horizon Bank. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 31914 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.