COOSA FS&LA Failed 1988
What happened
COOSA FS&LA of GADSDEN, AL was closed on 1988-09-06. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to SECOR SAVINGS BANK FSB (BIRMINGHAM, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1915
- FDIC Certificate
- 31202
- FDIC FIN
- 1748
- Bank name
- COOSA FS&LA
- Location
- GADSDEN, AL
- Failure date
- 1988-09-06
- FDIC resolution date
- 1988-09-06
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $76M
- Assets at failure
- $72M
- Acquiring bank
- SECOR SAVINGS BANK FSB (BIRMINGHAM, AL)