# ELMWOOD FED. S & L ASSOC.

> **Failed bank** · HARAHAN, LA · failed 1989-03-02 · SL · FDIC cost $25M

## What happened

ELMWOOD FED. S & L ASSOC. of HARAHAN, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $48M
- **Assets at failure:** $57M
- **Acquiring bank:** FIRST NB OF COMMERCE (NEW ORLEANS, LA)

## Other banks FIRST NB OF COMMERCE has acquired in FDIC resolutions

- FRENCH MARKET HOMESTEAD, FSA (METAIRIE, LA) — failed 1989-02-17 — /failed-bank/2130

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ELMWOOD%20FED.%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ELMWOOD FED. S & L ASSOC. (FDIC ID 2164), failed 1989-03-02. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2164.

---

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