NEW ORLEANS S&LA Failed 1985
What happened
NEW ORLEANS S&LA of NEW ORLEANS, LA was closed on 1985-06-25. The FDIC was named receiver.
Resolution: ABT
Deposits were transferred to HORIZON FS&LA (BATON ROUGE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1018
- FDIC Certificate
- 31480
- FDIC FIN
- 7536
- Bank name
- NEW ORLEANS S&LA
- Location
- NEW ORLEANS, LA
- Failure date
- 1985-06-25
- FDIC resolution date
- 1986-06-20
- Charter type
- SL
- Resolution type
- ABT
- FDIC DIF cost (est.)
- $74M
- Deposits at failure
- $105M
- Assets at failure
- $118M
- Acquiring bank
- HORIZON FS&LA (BATON ROUGE, LA)
Other banks HORIZON FS&LA acquired in FDIC resolutions