Regulators take over New South Federal Savings Bank

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.

If you have a loan with New South, continue to make payments.

This is the third Alabama-based financial enterprise to lose its operations this year.

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