# GULF FEDERAL SAVINGS BANK

> **Failed bank** · METAIRIE, LA · failed 1986-11-21 · Savings bank · FDIC cost $279M

## What happened

GULF FEDERAL SAVINGS BANK of METAIRIE, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $279M
- **Deposits at failure:** $375M
- **Assets at failure:** $499M
- **Acquiring bank:** PELICAN HOMESTEAD & SAVINGS (METAIRIE, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GULF%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GULF FEDERAL SAVINGS BANK (FDIC ID 1311), failed 1986-11-21. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/failed-bank/1311.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*