# LAFAYETTE S & L ASSOC.

> **Failed bank** · GRETNA, LA · failed 1989-07-27 · SL · FDIC cost $7M

## What happened

LAFAYETTE S & L ASSOC. of GRETNA, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $27M
- **Assets at failure:** $29M
- **Acquiring bank:** ALGIERS HOMESTEAD ASSOCIATI (NEW ORLEANS, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=LAFAYETTE%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LAFAYETTE S & L ASSOC. (FDIC ID 2459), failed 1989-07-27. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2459.

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