Southern Federal Savings and Loan Association of Georgia

Status:Inactive as of 07/10/1992
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Southern Federal Savings Association of Georgia
Headquarters:Southern Federal Savings and Loan Association of Georgia
712 West Peachtree St Nw
Atlanta, GA 30308
Established:06/01/1936
FDIC Insurance:08/09/1989
FDIC Cert:#29724
Charter Class:
Total Assets:$159,982,000
Total Deposits:$151,424,000

History

1936-06-01Institution established: Original name:Southern Federal Savings and Loan Association of Georgia
1986-04-30Changed organization type to STOCK SAVINGS & LOAN
1992-07-10Institution established: Original name:Southern Federal Savings Association of Georgia (33630)
1992-07-10Failed, went into receivership, and then became part of Southern Federal Savings Association of Georgia (33630)
1992-07-10Placed into government conservatorship.
1994-04-22Acquired after government financial assistance and subsequently operated as part of Citizens Trust Bank (8033)
1994-04-22Government conservatorship or bridge bank resolved.
1998-01-30Acquired First Southern Bank (27494) in LITHONIA, GA
2000-03-10Acquired Mutual Federal Savings Bank (27886) in ATLANTA, GA as part of a government assisted transaction.
2003-03-01Acquired Citizens Federal Savings Bank (30926) in BIRMINGHAM, AL