Southern Savings Bank, SSB

Status:Inactive as of 12/28/1990
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Southern Federal Savings Bank
Headquarters:Southern Savings Bank, SSB
135 St Charles Avenue
New Orleans, LA 70130
Established:01/01/1887
FDIC Insurance:08/09/1989
FDIC Cert:#28287
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$230,780,000
Total Deposits:$230,027,000

History

1887-01-01Institution established: Original name:Southern Savings Association
1981-10-31Acquired Interstate Federal Savings and Loan Association (31528) in NEW ORLEANS, LA
1982-10-31Acquired Ideal Savings and Homestead Association (29833) in NEW ORLEANS, LA
1987-06-30Changed name to Southern Savings Bank, SSB
1987-06-30Changed organization type to MUTUAL SAVINGS BANK
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.
1991-09-27Acquired 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