Sun Belt Federal Bank, FSB

Status:Inactive as of 05/31/1986
 Merger - Assisted
Successor Bank:Horizon Federal Savings and Loan Association
Headquarters:Sun Belt Federal Bank, FSB
201 Hood Street
Lake Providence, LA 71254
Established:01/01/1933
FDIC Insurance:10/13/1934
FDIC Cert:#28913
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$205,102,000
Total Deposits:$256,676,000

History

1933-01-01Institution established: Original name:Sun Belt Federal Bank, FSB
1981-07-31Acquired Franklin Federal Savings and Loan Association (31955) in WINNSBORO, LA
1984-09-30Changed organization type to STOCK SAVINGS BANK
1986-05-31Failed. Acquired with government financial assistance and subsequently operated as part of Horizon Federal Savings and Loan Association (32471)
1986-06-30Acquired Crescent Federal Savings Bank (32098) in NEW ORLEANS, LA
1986-06-30Acquired Community Savings and Loan Association (32015) in BATON ROUGE, LA
1986-06-30Acquired Northlake Federal Savings and Loan Association (32029) in COVINGTON, LA
1986-06-30Acquired New Orleans Federal Savings and Loan Association (31480) in NEW ORLEANS, LA
1986-06-30Acquired Audubon Federal Savings and Loan Association (31891) in NEW ORLEANS, LA
1987-10-31Moved bank headquarters from LAKE PROVIDENCE, LA to METAIRIE, LA
1989-02-17Placed into government conservatorship.
1990-05-18Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1990-05-18Government conservatorship or bridge bank resolved.