FIRST FED. S & L ASSOC. Failed 1989
What happened
FIRST FED. S & L ASSOC. of NEW IBERIA, 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 IBERIA SB, SSB (NEW IBERIA, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2245
- FDIC Certificate
- 31079
- FDIC FIN
- 7195
- Bank name
- FIRST FED. S & L ASSOC.
- Location
- NEW IBERIA, LA
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-09-28
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $64M
- Assets at failure
- $64M
- Acquiring bank
- IBERIA SB, SSB (NEW IBERIA, LA)
Other banks IBERIA SB, SSB acquired in FDIC resolutions