# FRENCH MARKET HOMESTEAD, FSA

> **Failed bank** · METAIRIE, LA · failed 1989-02-17 · SL · FDIC cost $81M

## What happened

FRENCH MARKET HOMESTEAD, FSA of METAIRIE, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- ELMWOOD FED. S & L ASSOC. (HARAHAN, LA) — failed 1989-03-02 — /failed-bank/2164

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FRENCH%20MARKET%20HOMESTEAD%2C%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FRENCH MARKET HOMESTEAD, FSA (FDIC ID 2130), failed 1989-02-17. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2130.

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