Southern Federal Banc Savings and Loan Association

Status:Inactive as of 12/31/1988
 Merger - Assisted
Successor Bank:Bluebonnet Savings Bank FSB
Headquarters:Southern Federal Banc Savings and Loan Association
110 W Pleasant Run Rd
Lancaster, TX 75146
Established:08/08/1962
FDIC Insurance:08/08/1962
FDIC Cert:#31348
Charter Class:
Total Assets:$91,347,000
Total Deposits:$166,081,000

History

1962-08-08Institution established: Original name:Lancaster First Federal Savings and Loan Association
1985-07-31Changed name to Southern Federal Banc Savings and Loan Association
1988-12-31Acquired Northpark Savings Association (31752) in RICHARDSON, TX
1988-12-31Acquired Metroplex Federal Savings Association (32299) in HURST, TX
1988-12-31Acquired Reliance Savings Association (31563) in HOUSTON, TX
1988-12-31Acquired Southern Federal Banc Savings and Loan Association in LANCASTER, TX
1988-12-31Acquired Interwest Savings Association (31333) in FORT WORTH, TX
1988-12-31Acquired Vista Savings Association (31064) in ODESSA, TX
1988-12-31Acquired Sentry Savings Association (31044) in SLATON, TX
1988-12-31Acquired First Federal Savings and Loan Association (29494) in BIG SPRING, TX
1988-12-31Acquired Lamesa Federal Savings and Loan Association (29352) in LAMESA, TX
1988-12-31Acquired Commodore Savings Association (29219) in DALLAS, TX
1988-12-31Acquired First Western Savings and Loan Association (29212) in COLORADO CITY, TX
1988-12-31Acquired Mesquite Savings and Loan Association (29166) in MESQUITE, TX
1988-12-31Acquired Home Savings and Loan Association (29077) in LUFKIN, TX
1988-12-31Acquired Mineral Wells Savings and Loan Association (28461) in MINERAL WELLS, TX
1988-12-31Failed. Acquired with government financial assistance and subsequently operated as part of Consolidated Savings and Loan Association (32648)
1989-01-31Changed name to Consolidated Federal Savings and Loan Association (32648)
1989-04-30Changed organization type to STOCK SAVINGS BANK
1989-04-30Changed name to Consolidated Federal Savings Bank (32648)
1989-07-31Moved bank headquarters from LANCASTER, TX to DALLAS, TX
1992-04-03Acquired New MeraBank Texas, FSB (33425) in EL PASO, TX
1993-06-23Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2003-10-31Closed voluntarily and liquidated its assets.