# COMMONWEALTH SAVINGS ASSOC.

> **Failed bank** · NEW ORLEANS, LA · failed 1990-07-20 · SL · FDIC cost $19M

## What happened

COMMONWEALTH SAVINGS ASSOC. of NEW ORLEANS, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $19M
- **Deposits at failure:** $44M
- **Assets at failure:** $44M
- **Acquiring bank:** ST. BERNARD B&TC (ARABI, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMONWEALTH%20SAVINGS%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMONWEALTH SAVINGS ASSOC. (FDIC ID 2849), failed 1990-07-20. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2849.

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