Bank failure · AL
Jefferson Federal Sa (Birmingham, AL) — failed March 8, 1991
Jefferson Federal Sa of Birmingham, Alabama was closed on March 8, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $666.5M in assets and $488.7M in deposits. The FDIC's estimated loss on the failure is $17.5M (2.6% of assets).
- Closing date
- March 8, 1991
- FDIC certificate #
- 28827
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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