ELMWOOD FED. S & L ASSOC. Failed 1989
What happened
ELMWOOD FED. S & L ASSOC. of HARAHAN, LA was closed on 1989-03-02. 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
- 2164
- FDIC Certificate
- 31968
- FDIC FIN
- 6914
- Bank name
- ELMWOOD FED. S & L ASSOC.
- Location
- HARAHAN, LA
- Failure date
- 1989-03-02
- FDIC resolution date
- 1989-09-08
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $25M
- Deposits at failure
- $48M
- Assets at failure
- $57M
- Acquiring bank
- FIRST NB OF COMMERCE (NEW ORLEANS, LA)
Other banks FIRST NB OF COMMERCE acquired in FDIC resolutions