FIRST FINANCIAL OF LA Failed 1987
What happened
FIRST FINANCIAL OF LA of LUTCHER, LA was closed on 1987-12-30. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to PELICAN HOMESTEAD&SVG ASSN (METAIRIE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1588
- FDIC Certificate
- 29947
- FDIC FIN
- 1717
- Bank name
- FIRST FINANCIAL OF LA
- Location
- LUTCHER, LA
- Failure date
- 1987-12-30
- FDIC resolution date
- 1987-12-30
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $106M
- Deposits at failure
- $152M
- Assets at failure
- $160M
- Acquiring bank
- PELICAN HOMESTEAD&SVG ASSN (METAIRIE, LA)
Other banks PELICAN HOMESTEAD&SVG ASSN acquired in FDIC resolutions