TERREBONNE S & L ASSOC. Failed 1989
What happened
TERREBONNE S & L ASSOC. of HOUMA, LA was closed on 1989-08-07. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to ST. MARY B&TC (FRANKLIN, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2476
- FDIC Certificate
- 31396
- FDIC FIN
- 7244
- Bank name
- TERREBONNE S & L ASSOC.
- Location
- HOUMA, LA
- Failure date
- 1989-08-07
- FDIC resolution date
- 1990-12-07
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $24M
- Assets at failure
- $27M
- Acquiring bank
- ST. MARY B&TC (FRANKLIN, LA)