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
1887-01-01 | Institution established: Original name:Southern Savings Association | |
1981-10-31 | Acquired Interstate Federal Savings and Loan Association (31528) in NEW ORLEANS, LA | |
1982-10-31 | Acquired Ideal Savings and Homestead Association (29833) in NEW ORLEANS, LA | |
1987-06-30 | Changed name to Southern Savings Bank, SSB | |
1987-06-30 | Changed organization type to MUTUAL SAVINGS BANK | |
1990-12-28 | Institution established: Original name:Southern Federal Savings Bank (33267) | |
1990-12-28 | Failed, went into receivership, and then became part of Southern Federal Savings Bank (33267) | |
1990-12-28 | Placed into government conservatorship. | |
1991-09-27 | Acquired after government financial assistance and subsequently operated as part of Gulf Coast Bank and Trust Company (32974) | |
1991-09-27 | Government conservatorship or bridge bank resolved. | |
1997-04-10 | Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED |