# TERREBONNE S & L ASSOC.

> **Failed bank** · HOUMA, LA · failed 1989-08-07 · SL · FDIC cost $7M

## What happened

TERREBONNE S & L ASSOC. of HOUMA, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $24M
- **Assets at failure:** $27M
- **Acquiring bank:** ST. MARY B&TC (FRANKLIN, LA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TERREBONNE S & L ASSOC. (FDIC ID 2476), failed 1989-08-07. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2476.

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