FIRST FINANCIAL BANK, FSB Failed 1987
What happened
FIRST FINANCIAL BANK, FSB of NEW ORLEANS, LA was closed on 1987-12-31. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to ALABAMA FS&LA (BIRMINGHAM, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1591
- FDIC Certificate
- 28448
- FDIC FIN
- 1718
- Bank name
- FIRST FINANCIAL BANK, FSB
- Location
- NEW ORLEANS, LA
- Failure date
- 1987-12-31
- FDIC resolution date
- 1987-12-31
- Charter type
- Savings bank
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $52M
- Deposits at failure
- $573M
- Assets at failure
- $745M
- Acquiring bank
- ALABAMA FS&LA (BIRMINGHAM, AL)
Other banks ALABAMA FS&LA acquired in FDIC resolutions