Bank Branches › Closed and merged banks › Louisiana › Southern Savings Bank, SSB
What happened to Southern Savings Bank, SSB?
Southern Savings Bank, SSB in New Orleans, LA (earlier called Southern Savings Association) failed, and Southern Federal Savings Bank of New Orleans, LA took it over on Dec 28, 1990. After 1 more change of hands, what was Southern Savings Bank, SSB is today part of Gulf Coast Bank and Trust Company (New Orleans, LA).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1887Southern Savings Association opens in New Orleans, LA
- Jun 30, 1987renamed Southern Savings Bank, SSB
- Dec 28, 1990FAILEDSouthern Savings Bank, SSB failed, and Southern Federal Savings Bank of New Orleans, LA took it over.FDIC certificate 28287 ends; its business continues under certificate 33267.
- Sep 27, 1991RESOLVEDSouthern Federal Savings Bank of New Orleans, LA was closed in a federal resolution, and its business passed to Gulf Coast Bank and Trust Company of New Orleans, LA.FDIC certificate 33267 ends; its business continues under certificate 32974.
- TodayOPEN
Gulf Coast Bank and Trust CompanyMain office New Orleans, LA · FDIC certificate 32974 · 24 offices in 4 states on June 30, 2026Every Gulf Coast Bank and Trust Company office → Website on file with the FDIC: www.gulfbank.com
If you still have something from Southern Savings Bank, SSB
A lien that was never released
Southern Savings Bank, SSB failed on Dec 28, 1990, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask Gulf Coast Bank and Trust Company as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Southern Federal Savings Bank). Start with Gulf Coast Bank and Trust Company, and ask them to search under the name Southern Savings Bank, SSB.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Gulf Coast Bank and Trust Company. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Banks folded into Southern Savings Bank, SSB
2 banks merged directly into this charter.
| Bank | Ended |
|---|---|
| Ideal Savings and Homestead AssociationNew Orleans, LA | Oct 31, 1982 |
| Interstate Federal Savings and Loan AssociationNew Orleans, LA | Oct 31, 1981 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 28287 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.