Security Federal Savings and Loan Association

Status:Inactive as of 11/16/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Security Federal Savings Association
Headquarters:Security Federal Savings and Loan Association
12221 Brookhurst St
, 92642
Established:09/09/1957
FDIC Insurance:08/09/1989
FDIC Cert:#30982
Charter Class:
Total Assets:$71,004,000
Total Deposits:$74,713,000

History

1957-09-09Institution established: Original name:Security Federal Savings and Loan Association
1989-11-16Placed into government conservatorship.
1989-11-16Institution established: Original name:Security Federal Savings Association (32841)
1989-11-16Failed, went into receivership, and then became part of Security Federal Savings Association (32841)
1990-05-04Government conservatorship or bridge bank resolved.
1990-05-04Acquired after government financial assistance and subsequently operated as part of ITT Federal Bank Federal Savings Bank (31969)
1995-08-28Closed voluntarily and liquidated its assets.
1995-08-28Voluntarily relinquished FDIC insurance
1995-08-28Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to STATE