GULF FS&LA Failed 1987
What happened
GULF FS&LA of MOBILE, AL was closed on 1987-11-12. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to GULF FEDERAL BANK A FSB (MOBILE, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1554
- FDIC Certificate
- 31441
- FDIC FIN
- 1712
- Bank name
- GULF FS&LA
- Location
- MOBILE, AL
- Failure date
- 1987-11-12
- FDIC resolution date
- 1987-11-12
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $6M
- Assets at failure
- $6M
- Acquiring bank
- GULF FEDERAL BANK A FSB (MOBILE, AL)