# TWIN CITY FS & LA

> **Failed bank** · WEST MONROE, LA · failed 1987-09-19 · Savings bank · FDIC cost $161M

## What happened

TWIN CITY FS & LA of WEST MONROE, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=TWIN%20CITY%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TWIN CITY FS & LA (FDIC ID 1519), failed 1987-09-19. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1519.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*