FRENCH MARKET HOMESTEAD, FSA Failed 1989
What happened
FRENCH MARKET HOMESTEAD, FSA of METAIRIE, LA was closed on 1989-02-17. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST NB OF COMMERCE (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2130
- FDIC Certificate
- 32552
- FDIC FIN
- 7171
- Bank name
- FRENCH MARKET HOMESTEAD, FSA
- Location
- METAIRIE, LA
- Failure date
- 1989-02-17
- FDIC resolution date
- 1990-09-14
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $81M
- Deposits at failure
- $238M
- Assets at failure
- $251M
- Acquiring bank
- FIRST NB OF COMMERCE (NEW ORLEANS, LA)
- FDIC comments
- FSLIC-RTC Duplicate Failures
Other banks FIRST NB OF COMMERCE acquired in FDIC resolutions