# SOUTHEASTERN FEDERAL SAVINGS BANK

> **Failed bank** · LAUREL, MS · failed 1990-04-20 · SL · FDIC cost $9M

## What happened

SOUTHEASTERN FEDERAL SAVINGS BANK of LAUREL, MS was closed by state regulators 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
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $38M
- **Assets at failure:** $50M
- **Acquiring bank:** CITIZENS NB OF MERIDIAN (MERIDIAN, MS)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTHEASTERN FEDERAL SAVINGS BANK (FDIC ID 2737), failed 1990-04-20. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2737.

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