RIVER CITY FEDERAL SAVINGS Failed 1989
What happened
RIVER CITY FEDERAL SAVINGS 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 HIBERNIA NB (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2262
- FDIC Certificate
- 32041
- FDIC FIN
- 6929
- Bank name
- RIVER CITY FEDERAL SAVINGS
- Location
- BATON ROUGE, LA
- Failure date
- 1989-03-16
- FDIC resolution date
- 1989-10-06
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $87M
- Deposits at failure
- $98M
- Assets at failure
- $61M
- Acquiring bank
- HIBERNIA NB (NEW ORLEANS, LA)
Other banks HIBERNIA NB acquired in FDIC resolutions