# FIRST SAVINGS OF LOUISIANA

> **Failed bank** · LA PLACE, LA · failed 1989-03-02 · SL · FDIC cost $34M

## What happened

FIRST SAVINGS OF LOUISIANA of LA PLACE, 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 **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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- EVANGELINE FEDERAL SAVINGS & LOAN (LAFAYETTE, LA) — failed 1989-03-16 — /failed-bank/2266
- RIVER CITY FEDERAL SAVINGS (BATON ROUGE, LA) — failed 1989-03-16 — /failed-bank/2262

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20SAVINGS%20OF%20LOUISIANA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SAVINGS OF LOUISIANA (FDIC ID 2170), failed 1989-03-02. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2170.

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