American Savings and Loan Association

Status:Inactive as of 1990-06-08
 Absorption - Assisted
Corrections
Successor Bank:Gulf Coast Bank and Trust Company
Headquarters:American Savings and Loan Association
200 St Charles Avenue
New Orleans, LA 70130
Established:1883-01-01
FDIC Insurance:1936-01-16
FDIC Cert:#27755
Charter Class:Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Total Assets:$61,122,000
Total Deposits:$71,471,000

History

1883-01-01Institution established: Original name:American Savings and Loan Association
1989-08-07Placed into government conservatorship.
1990-06-08Institution established: Original name:Gulf Coast Bank and Trust Company (32974)
1990-06-08Acquired American Savings and Loan Association, FA (33063) in NEW ORLEANS, LA
1990-06-08Failed. Acquired with government financial assistance and subsequently operated as part of Gulf Coast Bank and Trust Company (32974)
1990-06-22Acquired Central Savings and Loan Association, F.A. (33000) in NEW ORLEANS, LA
1991-09-27Acquired Southern Federal Savings Bank (33267) in NEW ORLEANS, LA
1997-04-10Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED