FIRST CITY FEDERAL S & L Failed 1989
What happened
FIRST CITY FEDERAL S & L of BATON ROUGE, LA was closed on 1989-08-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to EQUITABLE TRUST S&LA (BATON ROUGE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2478
- FDIC Certificate
- 32091
- FDIC FIN
- 7159
- Bank name
- FIRST CITY FEDERAL S & L
- Location
- BATON ROUGE, LA
- Failure date
- 1989-08-07
- FDIC resolution date
- 1990-09-07
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $12M
- Deposits at failure
- $25M
- Assets at failure
- $22M
- Acquiring bank
- EQUITABLE TRUST S&LA (BATON ROUGE, LA)