Bank failure · MS
Southern Federal Bank for Savings (Gulfport, MS) — failed June 22, 1990
Southern Federal Bank for Savings of Gulfport, Mississippi was closed on June 22, 1990 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $142.8M in assets and $93.9M in deposits. The FDIC's estimated loss on the failure is $35.0M (24.5% of assets).
- Closing date
- June 22, 1990
- FDIC certificate #
- 31817
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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