GULF FEDERAL SAVINGS BANK Failed 1986
What happened
GULF FEDERAL SAVINGS BANK of METAIRIE, LA was closed on 1986-11-21. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to PELICAN HOMESTEAD & SAVINGS (METAIRIE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1311
- FDIC Certificate
- 31493
- FDIC FIN
- 1717
- Bank name
- GULF FEDERAL SAVINGS BANK
- Location
- METAIRIE, LA
- Failure date
- 1986-11-21
- FDIC resolution date
- 1987-12-30
- Charter type
- Savings bank
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $279M
- Deposits at failure
- $375M
- Assets at failure
- $499M
- Acquiring bank
- PELICAN HOMESTEAD & SAVINGS (METAIRIE, LA)