Bank Branches › Closed and merged banks › Mississippi › Southern Federal Bank for Savings
What happened to Southern Federal Bank for Savings?
Southern Federal Bank for Savings in Gulfport, MS (earlier called Southern Federal Savings and Loan Association) failed, and Southern Federal Savings Bank of Gulfport, MS took it over on Jun 22, 1990. After 1 more change of hands, what was Southern Federal Bank for Savings is today part of The Peoples Bank, Biloxi, Mississippi (Biloxi, MS).
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.
- 1959Southern Federal Savings and Loan Association opens in Gulfport, MS
- Sep 30, 1986renamed Southern Federal Bank for Savings
- Jun 22, 1990FAILEDSouthern Federal Bank for Savings failed, and Southern Federal Savings Bank of Gulfport, MS took it over.FDIC certificate 31817 ends; its business continues under certificate 33088.
- Aug 16, 1991RESOLVEDSouthern Federal Savings Bank of Gulfport, MS was closed in a federal resolution, and its business passed to The Peoples Bank, Biloxi, Mississippi of Biloxi, MS.FDIC certificate 33088 ends; its business continues under certificate 340.
- TodayOPEN
The Peoples Bank, Biloxi, MississippiMain office Biloxi, MS · FDIC certificate 340 · 18 offices in 1 state on June 30, 2026Every The Peoples Bank, Biloxi, Mississippi office → Website on file with the FDIC: www.thepeoples.com
If you still have something from Southern Federal Bank for Savings
A lien that was never released
Southern Federal Bank for Savings failed on Jun 22, 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 The Peoples Bank, Biloxi, Mississippi 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 The Peoples Bank, Biloxi, Mississippi, and ask them to search under the name Southern Federal Bank for Savings.
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 The Peoples Bank, Biloxi, Mississippi. 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 31817 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.