RED RIVER S & L ASSOC. Failed 1989
What happened
RED RIVER S & L ASSOC. of COUSHATTA, LA was closed on 1989-12-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PEOPLES STATE BANK (MANY, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2593
- FDIC Certificate
- 31830
- FDIC FIN
- 7291
- Bank name
- RED RIVER S & L ASSOC.
- Location
- COUSHATTA, LA
- Failure date
- 1989-12-14
- FDIC resolution date
- 1991-05-17
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $8M
- Assets at failure
- $10M
- Acquiring bank
- PEOPLES STATE BANK (MANY, LA)
Other banks PEOPLES STATE BANK acquired in FDIC resolutions