ACADIA SAVINGS & LOAN Failed 1989
What happened
ACADIA SAVINGS & LOAN of CROWLEY, 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
- 2271
- FDIC Certificate
- 32554
- FDIC FIN
- 6928
- Bank name
- ACADIA SAVINGS & LOAN
- Location
- CROWLEY, LA
- Failure date
- 1989-03-16
- FDIC resolution date
- 1989-10-06
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $99M
- Deposits at failure
- $138M
- Assets at failure
- $90M
- Acquiring bank
- IBERIA SB, SSB (NEW IBERIA, LA)
- FDIC comments
- FSLIC-RTC Duplicate Failures
Other banks IBERIA SB, SSB acquired in FDIC resolutions