# FIRST FED. S & L ASSOC.

> **Failed bank** · EUNICE, LA · failed 1989-03-16 · SL · FDIC cost $6M

## What happened

FIRST FED. S & L ASSOC. of EUNICE, LA was closed by state regulators on **1989-03-16**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **GUARANTY BANK OF MAMOU** (MAMOU, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2250
- **FDIC Certificate:** 31546
- **FDIC FIN:** 6992
- **Bank name:** FIRST FED. S & L ASSOC.
- **Location:** EUNICE, LA
- **Failure date:** 1989-03-16
- **FDIC resolution date:** 1990-05-11
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $16M
- **Assets at failure:** $24M
- **Acquiring bank:** GUARANTY BANK OF MAMOU (MAMOU, LA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FED. S & L ASSOC. (FDIC ID 2250), failed 1989-03-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2250.

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