FIRST SAVINGS OF LOUISIANA Failed 1989
What happened
FIRST SAVINGS OF LOUISIANA of LA PLACE, 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 HIBERNIA NB (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2170
- FDIC Certificate
- 32553
- FDIC FIN
- 6918
- Bank name
- FIRST SAVINGS OF LOUISIANA
- Location
- LA PLACE, LA
- Failure date
- 1989-03-02
- FDIC resolution date
- 1989-09-15
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $34M
- Deposits at failure
- $45M
- Assets at failure
- $26M
- Acquiring bank
- HIBERNIA NB (NEW ORLEANS, LA)
- FDIC comments
- FSLIC-RTC Duplicate Failures
Other banks HIBERNIA NB acquired in FDIC resolutions