FAMILY FS & LA Failed 1989
What happened
FAMILY FS & LA of SHREVEPORT, 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 CITY B&T OF SHREVEPORT (SHREVEPORT, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2263
- FDIC Certificate
- 32063
- FDIC FIN
- 7065
- Bank name
- FAMILY FS & LA
- Location
- SHREVEPORT, LA
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-06-15
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $20M
- Deposits at failure
- $24M
- Assets at failure
- $28M
- Acquiring bank
- CITY B&T OF SHREVEPORT (SHREVEPORT, LA)