Bank failure · GA
Southern Federal Sb (Thomasville, GA) — failed January 19, 1989
Southern Federal Sb of Thomasville, Georgia was closed on January 19, 1989 and resolved through a insured deposit transfer. 0 (0) took over its insured deposits. At failure it held $76.6M in assets and $68.5M in deposits. The FDIC's estimated loss on the failure is $16.7M (21.8% of assets).
- Closing date
- January 19, 1989
- FDIC certificate #
- 31743
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- 0
- Insurance fund
- FSLIC
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