# SOUTHERN FEDERAL BANK FOR SAVINGS

> **Failed bank** · GULFPORT, MS · failed 1990-06-22 · Savings bank · FDIC cost $35M

## What happened

SOUTHERN FEDERAL BANK FOR SAVINGS of GULFPORT, MS was closed by state regulators on **1990-06-22**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **BRANCH SALE** (NONE, NA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2825
- **FDIC Certificate:** 31817
- **FDIC FIN:** 7410
- **Bank name:** SOUTHERN FEDERAL BANK FOR SAVINGS
- **Location:** GULFPORT, MS
- **Failure date:** 1990-06-22
- **FDIC resolution date:** 1991-08-16
- **Charter type:** Savings bank
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $35M
- **Deposits at failure:** $94M
- **Assets at failure:** $143M
- **Acquiring bank:** BRANCH SALE (NONE, NA)

## Other banks BRANCH SALE has acquired in FDIC resolutions

- WESTERN FSB (MARINA DEL RAY, CA) — failed 1993-06-04 — /failed-bank/3457
- PIONEER FS & LA (PRAIRIE VILLAGE, KS) — failed 1993-04-02 — /failed-bank/3448
- SECOND NATIONAL, FSB (SALISBURY, MD) — failed 1992-12-04 — /failed-bank/3424
- CARTERET FSB (MADISON, NJ) — failed 1992-12-04 — /failed-bank/3422
- POLIFLY FS & LA (NEW MILFORD, NJ) — failed 1992-11-20 — /failed-bank/3417
- IRVING FB FOR SAVINGS (CHICAGO, IL) — failed 1992-11-20 — /failed-bank/3416
- FIRST FSB OF GEORGIA, FA (WINDER, GA) — failed 1992-11-06 — /failed-bank/3408
- HOMESTEAD FSA (SAN FRANCISCO, CA) — failed 1992-10-30 — /failed-bank/3406
- STANDARD FSB (GAITHERSBURG, MD) — failed 1992-10-21 — /failed-bank/3385
- SECURITY FS & LA (JACKSON, MS) — failed 1992-10-16 — /failed-bank/3384

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTHERN FEDERAL BANK FOR SAVINGS (FDIC ID 2825), failed 1990-06-22. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2825.

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