Bank failure · AL
Gulf Fs&la (Mobile, AL) — failed November 12, 1987
Gulf Fs&la of Mobile, Alabama was closed on November 12, 1987 and resolved through a a/a. Gulf Federal Bank a FSB (AL) took over its insured deposits. At failure it held $6.1M in assets and $6.5M in deposits. The FDIC's estimated loss on the failure is $1.3M (22.0% of assets).
- Closing date
- November 12, 1987
- FDIC certificate #
- 31441
- Resolution
- A/A (assistance)
- Acquiring institution
- Gulf Federal Bank a FSB
- Insurance fund
- FSLIC
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- American Fs&la VA
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- The Falun State Bank KS
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