# GULF FS&LA

> **Failed bank** · MOBILE, AL · failed 1987-11-12 · SL · FDIC cost $1M

## What happened

GULF FS&LA of MOBILE, AL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $6M
- **Assets at failure:** $6M
- **Acquiring bank:** GULF FEDERAL BANK A FSB (MOBILE, AL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GULF%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GULF FS&LA (FDIC ID 1554), failed 1987-11-12. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1554.

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