FIRST FSA OF BREAUX BRIDGE Failed 1990
What happened
FIRST FSA OF BREAUX BRIDGE of BREAUX BRIDGE, LA was closed on 1990-05-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TECHE FSB (FRANKLIN, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2762
- FDIC Certificate
- 31508
- FDIC FIN
- 7312
- Bank name
- FIRST FSA OF BREAUX BRIDGE
- Location
- BREAUX BRIDGE, LA
- Failure date
- 1990-05-11
- FDIC resolution date
- 1991-06-21
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $21M
- Assets at failure
- $20M
- Acquiring bank
- TECHE FSB (FRANKLIN, LA)