# FIRST FINANCIAL OF LA

> **Failed bank** · LUTCHER, LA · failed 1987-12-30 · SL · FDIC cost $106M

## What happened

FIRST FINANCIAL OF LA of LUTCHER, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $106M
- **Deposits at failure:** $152M
- **Assets at failure:** $160M
- **Acquiring bank:** PELICAN HOMESTEAD&SVG ASSN (METAIRIE, LA)

## Other banks PELICAN HOMESTEAD&SVG ASSN has acquired in FDIC resolutions

- FIRSTBANC FSB (GONZALES, LA) — failed 1987-12-30 — /failed-bank/1590
- FIRST FS&LA OF ALEXANDRIA (ALEXANDRIA, LA) — failed 1987-12-30 — /failed-bank/1589
- BATON ROUGE S&LA (BATON ROUGE, LA) — failed 1985-10-01 — /failed-bank/1077

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FINANCIAL%20OF%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FINANCIAL OF LA (FDIC ID 1588), failed 1987-12-30. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1588.

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