LAFAYETTE S & L ASSOC. Failed 1989
What happened
LAFAYETTE S & L ASSOC. of GRETNA, LA was closed on 1989-07-27. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to ALGIERS HOMESTEAD ASSOCIATI (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2459
- FDIC Certificate
- 31821
- FDIC FIN
- 7033
- Bank name
- LAFAYETTE S & L ASSOC.
- Location
- GRETNA, LA
- Failure date
- 1989-07-27
- FDIC resolution date
- 1990-06-01
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $27M
- Assets at failure
- $29M
- Acquiring bank
- ALGIERS HOMESTEAD ASSOCIATI (NEW ORLEANS, LA)