Ideal Savings and Homestead Association

Status:Inactive as of 10/31/1982
 Merger - Without Assistance
Successor Bank:Southern Savings Bank, SSB
Headquarters:Ideal Savings and Homestead Association
3915 Canal St
New Orleans, LA 70119
Established:01/01/1908
FDIC Insurance:12/22/1936
FDIC Cert:#29833
Charter Class:

History

1908-01-01Institution established: Original name:Ideal Savings and Homestead Association
1982-10-31Merged into and subsequently operated as part of Southern Savings Association (28287) in NEW ORLEANS, LA
1987-06-30Changed organization type to MUTUAL SAVINGS BANK
1987-06-30Changed name to Southern Savings Bank, SSB (28287)
1990-12-28Institution established: Original name:Southern Federal Savings Bank (33267)
1990-12-28Failed, went into receivership, and then became part of Southern Federal Savings Bank (33267)
1990-12-28Placed into government conservatorship.
1991-09-27Government conservatorship or bridge bank resolved.
1991-09-27Acquired after government financial assistance and subsequently operated as part of Gulf Coast Bank and Trust Company (32974)
1997-04-10Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED