# ACADIA SAVINGS & LOAN

> **Failed bank** · CROWLEY, LA · failed 1989-03-16 · SL · FDIC cost $99M

## What happened

ACADIA SAVINGS & LOAN of CROWLEY, 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 **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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FIRST FED. S & L ASSOC. (NEW IBERIA, LA) — failed 1989-03-16 — /failed-bank/2245

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ACADIA%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ACADIA SAVINGS & LOAN (FDIC ID 2271), failed 1989-03-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2271.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*