SOUTHEASTERN FEDERAL SAVINGS BANK Failed 1990
What happened
SOUTHEASTERN FEDERAL SAVINGS BANK of LAUREL, MS was closed on 1990-04-20. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to CITIZENS NB OF MERIDIAN (MERIDIAN, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2737
- FDIC Certificate
- 31897
- FDIC FIN
- 7303
- Bank name
- SOUTHEASTERN FEDERAL SAVINGS BANK
- Location
- LAUREL, MS
- Failure date
- 1990-04-20
- FDIC resolution date
- 1991-05-31
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $9M
- Deposits at failure
- $38M
- Assets at failure
- $50M
- Acquiring bank
- CITIZENS NB OF MERIDIAN (MERIDIAN, MS)