BAYOU FS&LA Failed 1987

What happened

BAYOU FS&LA of NEW ORLEANS, LA was closed on 1987-03-20. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to FIRST FSB OF NEW ORLEANS (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1400

FDIC Certificate

32156

FDIC FIN

1704

Bank name

BAYOU FS&LA

Location

NEW ORLEANS, LA

Failure date

1987-03-20

FDIC resolution date

1987-03-20

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$12M

Deposits at failure

$28M

Assets at failure

$26M

Acquiring bank

FIRST FSB OF NEW ORLEANS (NEW ORLEANS, LA)