# RIVER CITY FEDERAL SAVINGS

> **Failed bank** · BATON ROUGE, LA · failed 1989-03-16 · Savings bank · FDIC cost $87M

## What happened

RIVER CITY FEDERAL SAVINGS of BATON ROUGE, 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 **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
- **Estimated FDIC DIF cost:** $87M
- **Deposits at failure:** $98M
- **Assets at failure:** $61M
- **Acquiring bank:** HIBERNIA NB (NEW ORLEANS, LA)

## Other banks HIBERNIA NB has acquired in FDIC resolutions

- EVANGELINE FEDERAL SAVINGS & LOAN (LAFAYETTE, LA) — failed 1989-03-16 — /failed-bank/2266
- FIRST SAVINGS OF LOUISIANA (LA PLACE, LA) — failed 1989-03-02 — /failed-bank/2170

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=RIVER%20CITY%20FEDERAL%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, RIVER CITY FEDERAL SAVINGS (FDIC ID 2262), failed 1989-03-16. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2262.

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