News about {New South Federal Savings}

Banks close in five states

12/19/09 WASHINGTON -- Alabama's New South Federal Savings Bank, based in Irondale, was closed Friday by federal regulators.

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Regulators take over New South Federal Savings Bank

12/18/09 BIRMINGHAM, AL (WBRC) - Federal regulators have closed New South Federal Savings Bank. Texas-based Beal Bank will maintain operations. Online and ATM services for New South customers are available, as all deposit accounts have been transferred.

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UPDATE: Alabama Bank Fails, Is Sold To Texas Lender

12/18/09 WASHINGTON -(Dow Jones)- Regulators announced the closing Friday of Alabama- based New South Federal Savings Bank and said it will be sold to Beal Bank, of Plano, Texas.

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