Home > Franklin Federal Savings and Loan Association

Franklin Federal Savings and Loan Association

Status:Inactive as of 07/31/1981
 Merger - Without Assistance
Successor Bank:Sun Belt Federal Bank, FSB
Headquarters:Franklin Federal Savings and Loan Association
402 Front Street
Winnsboro, LA 71295
Established:12/29/1978
FDIC Insurance:12/29/1978
FDIC Cert:#31955
Charter Class:

History

1978-12-29Institution established: Original name:Franklin Federal Savings and Loan Association
1981-07-31Merged into and subsequently operated as part of Sun Belt Federal Bank, FSB (28913) in LAKE PROVIDENCE, LA
1984-09-30Changed organization type to STOCK SAVINGS BANK
1986-05-31Failed. Acquired with government financial assistance and subsequently operated as part of Horizon Federal Savings and Loan Association (32471)
1986-06-30Acquired Crescent Federal Savings Bank (32098) in NEW ORLEANS, LA
1986-06-30Acquired Northlake Federal Savings and Loan Association (32029) in COVINGTON, LA
1986-06-30Acquired New Orleans Federal Savings and Loan Association (31480) in NEW ORLEANS, LA
1986-06-30Acquired Community Savings and Loan Association (32015) in BATON ROUGE, LA
1986-06-30Acquired Audubon Federal Savings and Loan Association (31891) in NEW ORLEANS, LA
1987-10-31Moved bank headquarters from LAKE PROVIDENCE, LA to METAIRIE, LA
1989-02-17Placed into government conservatorship.
1990-05-18Government conservatorship or bridge bank resolved.
1990-05-18Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.