Bank failure · AL

Coosa Fs&la (Gadsden, AL) — failed September 6, 1988

Coosa Fs&la of Gadsden, Alabama was closed on September 6, 1988 and resolved through a a/a. Secor Savings Bank FSB (AL) took over its insured deposits. At failure it held $72.1M in assets and $76.2M in deposits. The FDIC's estimated loss on the failure is $13.1M (18.2% of assets).