First South Savings Association

Status:Inactive as of 12/14/1990
 Absorption - Assisted
Successor Bank:First South Federal Savings Association
Headquarters:First South Savings Association
2550 Gray Falls Suite 200
Port Neches, TX 77651
Established:10/28/1953
FDIC Insurance:10/28/1953
FDIC Cert:#30622
Charter Class:
Total Assets:$211,843,000
Total Deposits:$495,685,000

History

1953-10-28Institution established: Original name:First South Savings Association
1989-03-16Placed into government conservatorship.
1990-12-14Institution established: Original name:First South Federal Savings Association (33285)
1990-12-14Failed. Acquired with government financial assistance and subsequently operated as part of First South Federal Savings Association (33285)
1991-07-12Government conservatorship or bridge bank resolved.
1991-07-12Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.