UNITED FEDERAL SAVINGS, FA Failed 1990
What happened
UNITED FEDERAL SAVINGS, FA of NEW ORLEANS, LA was closed on 1990-03-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to UNITED B&TC (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2705
- FDIC Certificate
- 31455
- FDIC FIN
- 7191
- Bank name
- UNITED FEDERAL SAVINGS, FA
- Location
- NEW ORLEANS, LA
- Failure date
- 1990-03-16
- FDIC resolution date
- 1990-09-28
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $44M
- Assets at failure
- $53M
- Acquiring bank
- UNITED B&TC (NEW ORLEANS, LA)