# FIRST FEDERAL SAVINGS & LOAN

> **Failed bank** · METAIRIE, LA · failed 1990-06-15 · Savings bank · FDIC cost $52M

## What happened

FIRST FEDERAL SAVINGS & LOAN of METAIRIE, LA was closed by state regulators on **1990-06-15**. The FDIC was named receiver.

**Resolution:** PO

Deposits were transferred to **PAYOUT** (NONE, NA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2817
- **FDIC Certificate:** 31843
- **FDIC FIN:** 7372
- **Bank name:** FIRST FEDERAL SAVINGS & LOAN
- **Location:** METAIRIE, LA
- **Failure date:** 1990-06-15
- **FDIC resolution date:** 1991-07-26
- **Charter type:** Savings bank
- **Resolution type:** PO
- **Estimated FDIC DIF cost:** $52M
- **Deposits at failure:** $134M
- **Assets at failure:** $156M
- **Acquiring bank:** PAYOUT (NONE, NA)

## Other banks PAYOUT has acquired in FDIC resolutions

- WESTSIDE BANK, FSB (LOS ANGELES, CA) — failed 1993-09-24 — /failed-bank/3477
- GOLDEN STATE FSB (IRVINE, CA) — failed 1993-08-13 — /failed-bank/3471
- VISTA FSA (CANOGA PARK, CA) — failed 1993-01-29 — /failed-bank/3436
- ADVANCED FSB (NORTHRIDGE, CA) — failed 1992-01-24 — /failed-bank/3262
- DAVY CROCKETT FS & LA (CROCKETT, TX) — failed 1991-09-13 — /failed-bank/3186
- FIDELITY FS & LA (AUSTIN, TX) — failed 1991-07-12 — /failed-bank/3142
- COLONIAL FSB (CRANSTON, RI) — failed 1991-05-10 — /failed-bank/3101
- SENTRY FSA (NORFOLK, VA) — failed 1991-05-03 — /failed-bank/3084
- ATASCOSA SA (JOURDANTON, TX) — failed 1990-11-30 — /failed-bank/2951
- LOUISIANA FEDERAL SAVINGS BANK (KENNER, LA) — failed 1990-11-09 — /failed-bank/2936

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FEDERAL%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL SAVINGS & LOAN (FDIC ID 2817), failed 1990-06-15. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2817.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*