# FIRST CITY FEDERAL S & L

> **Failed bank** · BATON ROUGE, LA · failed 1989-08-07 · SL · FDIC cost $12M

## What happened

FIRST CITY FEDERAL S & L of BATON ROUGE, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $25M
- **Assets at failure:** $22M
- **Acquiring bank:** EQUITABLE TRUST S&LA (BATON ROUGE, LA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CITY FEDERAL S & L (FDIC ID 2478), failed 1989-08-07. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/2478.

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