JENNINGS FSA Failed 1990
What happened
JENNINGS FSA of JENNINGS, LA was closed on 1990-05-18. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to AMERICAN BANK (WELSH, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2770
- FDIC Certificate
- 29130
- FDIC FIN
- 7388
- Bank name
- JENNINGS FSA
- Location
- JENNINGS, LA
- Failure date
- 1990-05-18
- FDIC resolution date
- 1991-08-02
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $56M
- Assets at failure
- $54M
- Acquiring bank
- AMERICAN BANK (WELSH, LA)
Other banks AMERICAN BANK acquired in FDIC resolutions