# RED RIVER S & L ASSOC.

> **Failed bank** · COUSHATTA, LA · failed 1989-12-14 · SL · FDIC cost $3M

## What happened

RED RIVER S & L ASSOC. of COUSHATTA, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $8M
- **Assets at failure:** $10M
- **Acquiring bank:** PEOPLES STATE BANK (MANY, LA)

## Other banks PEOPLES STATE BANK has acquired in FDIC resolutions

- FREEDOM BANK (RANGER, TX) — failed 1992-10-16 — /failed-bank/3382
- THE MORAN NATIONAL BANK (MORAN, TX) — failed 1988-01-14 — /failed-bank/1599
- LIBERTY BANK & TRUST COMPANY (GREENWOOD, LA) — failed 1987-06-26 — /failed-bank/1460
- PELICAN STATE BANK (MANSFIELD, LA) — failed 1987-06-24 — /failed-bank/1456

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, RED RIVER S & L ASSOC. (FDIC ID 2593), failed 1989-12-14. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2593.

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