FIRST FS & LA Failed 1989
What happened
FIRST FS & LA of BATON ROUGE, LA was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to LIFE SB (BATON ROUGE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2242
- FDIC Certificate
- 30907
- FDIC FIN
- 7139
- Bank name
- FIRST FS & LA
- Location
- BATON ROUGE, LA
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-08-17
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $34M
- Deposits at failure
- $43M
- Assets at failure
- $40M
- Acquiring bank
- LIFE SB (BATON ROUGE, LA)