# FIRST FINANCIAL BANK, FSB

> **Failed bank** · NEW ORLEANS, LA · failed 1987-12-31 · Savings bank · FDIC cost $52M

## What happened

FIRST FINANCIAL BANK, FSB of NEW ORLEANS, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $52M
- **Deposits at failure:** $573M
- **Assets at failure:** $745M
- **Acquiring bank:** ALABAMA FS&LA (BIRMINGHAM, AL)

## Other banks ALABAMA FS&LA has acquired in FDIC resolutions

- FIRST FS&LA OF SLIDELL (SLIDELL, LA) — failed 1987-12-31 — /failed-bank/1594

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FINANCIAL%20BANK%2C%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FINANCIAL BANK, FSB (FDIC ID 1591), failed 1987-12-31. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/1591.

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