TWIN CITY FS & LA Failed 1987
What happened
TWIN CITY FS & LA of WEST MONROE, LA was closed on 1987-09-19. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to SECOR BANK, FSB (BIRMINGHAM, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1519
- FDIC Certificate
- 31527
- FDIC FIN
- 0
- Bank name
- TWIN CITY FS & LA
- Location
- WEST MONROE, LA
- Failure date
- 1987-09-19
- FDIC resolution date
- 1988-11-10
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $161M
- Deposits at failure
- $182M
- Assets at failure
- $149M
- Acquiring bank
- SECOR BANK, FSB (BIRMINGHAM, AL)
- FDIC comments
- FSLIC Assisted Merger - SIMS to be updated to show failure