# CRESCENT SAVINGS BANK

> **Failed bank** · NEW ORLEANS, LA · failed 1985-06-25 · Savings bank · FDIC cost $54M

## What happened

CRESCENT SAVINGS BANK of NEW ORLEANS, LA was closed by state regulators 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:** 1022
- **FDIC Certificate:** 32098
- **FDIC FIN:** 7532
- **Bank name:** CRESCENT SAVINGS BANK
- **Location:** NEW ORLEANS, LA
- **Failure date:** 1985-06-25
- **FDIC resolution date:** 1986-06-20
- **Charter type:** Savings bank
- **Resolution type:** ABT
- **Estimated FDIC DIF cost:** $54M
- **Deposits at failure:** $84M
- **Assets at failure:** $89M
- **Acquiring bank:** HORIZON  FS&LA (BATON ROUGE, LA)

## Other banks HORIZON  FS&LA has acquired in FDIC resolutions

- NORTHLAKE S&LA (COVINGTON, LA) — failed 1985-06-25 — /failed-bank/1021
- COMMUNITY FS&LA (BATON ROUGE, LA) — failed 1985-06-25 — /failed-bank/1020
- AUDUBON S&LA (NEW ORLEANS, LA) — failed 1985-06-25 — /failed-bank/1019
- NEW ORLEANS S&LA (NEW ORLEANS, LA) — failed 1985-06-25 — /failed-bank/1018
- SUN BELT FEDERAL BANK, FSB (LAKE PROVIDENCE, LA) — failed 1985-06-25 — /failed-bank/1017

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CRESCENT%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CRESCENT SAVINGS BANK (FDIC ID 1022), failed 1985-06-25. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1022.

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