Southern Federal Savings Bank

Status:Inactive as of 1991-09-27
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:Gulf Coast Bank and Trust Company
Headquarters:Southern Federal Savings Bank
135 St. Charles Avenue
New Orleans, LA 70130
Established:1990-12-28
FDIC Insurance:1990-12-28
FDIC Cert:#33267
Charter Class:Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Total Assets:$208,461,000
Total Deposits:$213,125,000

History

1990-12-28Institution established: Original name:Southern Federal Savings Bank
1990-12-28Acquired Southern Savings Bank, SSB (28287) in NEW ORLEANS, LA
1991-09-27Acquired after government financial assistance and subsequently operated as part of Gulf Coast Bank and Trust Company (32974)
1991-09-27Government conservatorship or bridge bank resolved.
1997-04-10Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED