Bank Branches › Closed and merged banks › Alabama › Shelby County Savings and Loan Association
What happened to Shelby County Savings and Loan Association?
Shelby County Savings and Loan Association in Columbiana, AL was merged into United Federal Savings and Loan Association of Dothan, AL with federal assistance on Oct 31, 1976. After 6 more changes of hands, what was Shelby County Savings and Loan Association is today part of Regions Bank (Birmingham, AL).
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.
- 1961Shelby County Savings and Loan Association opens in Columbiana, AL
- Oct 31, 1976ASSISTED MERGERShelby County Savings and Loan Association was merged into United Federal Savings and Loan Association of Dothan, AL with federal assistance.FDIC certificate 31220 ends; its business continues under certificate 30279.
- Jul 31, 1982MERGEDUnited Federal Savings and Loan Association of Dothan, AL merged into Altus Bank, A FSB of Mobile, AL.FDIC certificate 30279 ends; its business continues under certificate 29002.
- May 17, 1991FAILEDAltus Bank, A FSB of Mobile, AL failed, and Altus Federal Savings Bank of Mobile, AL took it over.FDIC certificate 29002 ends; its business continues under certificate 33413.
- May 20, 1994RESOLVEDAltus Federal Savings Bank of Mobile, AL was closed in a federal resolution, and its business passed to Magnolia Federal Bank for Savings of Hattiesburg, MS.FDIC certificate 33413 ends; its business continues under certificate 29018.
- Nov 1, 1997MERGEDMagnolia Federal Bank for Savings of Hattiesburg, MS merged into Union Planters Bank of Southern Mississippi of Hattiesburg, MS.FDIC certificate 29018 ends; its business continues under certificate 34051.
- Jan 1, 1998MERGEDUnion Planters Bank of Southern Mississippi of Hattiesburg, MS merged into Union Planters Bank, National Association of Memphis, TN.FDIC certificate 34051 ends; its business continues under certificate 4979.
- Jun 30, 2005MERGEDUnion Planters Bank, National Association of Memphis, TN merged into Regions Bank of Birmingham, AL.FDIC certificate 4979 ends; its business continues under certificate 12368.
- TodayOPEN
Regions BankMain office Birmingham, AL · FDIC certificate 12368 · 1,245 offices in 16 states on June 30, 2026Every Regions Bank office → Website on file with the FDIC: www.regions.com
If you still have something from Shelby County Savings and Loan Association
A lien that was never released
Altus Bank, A FSB failed on May 17, 1991, 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 Regions Bank 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, Altus Federal Savings Bank). Start with Regions Bank, and ask them to search under the name Shelby County Savings and Loan Association.
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 Regions Bank. 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 ▾
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 31220 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.