COMMONWEALTH SAVINGS ASSOC. Failed 1990
What happened
COMMONWEALTH SAVINGS ASSOC. of NEW ORLEANS, LA was closed on 1990-07-20. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to ST. BERNARD B&TC (ARABI, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2849
- FDIC Certificate
- 29865
- FDIC FIN
- 7351
- Bank name
- COMMONWEALTH SAVINGS ASSOC.
- Location
- NEW ORLEANS, LA
- Failure date
- 1990-07-20
- FDIC resolution date
- 1991-07-12
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $19M
- Deposits at failure
- $44M
- Assets at failure
- $44M
- Acquiring bank
- ST. BERNARD B&TC (ARABI, LA)