FIRST LOUISIANA FEDERAL SAVINGS Failed 1989
What happened
FIRST LOUISIANA FEDERAL SAVINGS of LAFAYETTE, LA was closed on 1989-11-02. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to ST. LANDRY B&T CO. (OPELOUSAS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2545
- FDIC Certificate
- 32281
- FDIC FIN
- 7232
- Bank name
- FIRST LOUISIANA FEDERAL SAVINGS
- Location
- LAFAYETTE, LA
- Failure date
- 1989-11-02
- FDIC resolution date
- 1990-11-30
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $43M
- Deposits at failure
- $106M
- Assets at failure
- $162M
- Acquiring bank
- ST. LANDRY B&T CO. (OPELOUSAS, LA)