Central Savings and Loan Association

Status:Inactive as of 08/07/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Central Savings and Loan Association, F.A.
Headquarters:Central Savings and Loan Association
710 Canal Street
New Orleans, LA 70130
Established:03/01/1937
FDIC Insurance:04/02/1937
FDIC Cert:#29867
Charter Class:
Total Assets:$53,265,000
Total Deposits:$63,020,000

History

1937-03-01Institution established: Original name:Central Savings and Loan Association
1989-08-07Institution established: Original name:Central Savings and Loan Association, F.A. (33000)
1989-08-07Failed, went into receivership, and then became part of Central Savings and Loan Association, F.A. (33000)
1989-08-07Placed into government conservatorship.
1990-06-22Acquired after government financial assistance and subsequently operated as part of Gulf Coast Bank and Trust Company (32974)
1990-06-22Government conservatorship or bridge bank resolved.
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