DRYADES S & LA Failed 1991
What happened
DRYADES S & LA of NEW ORLEANS, LA was closed on 1991-06-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to DRYADES SB, FSB (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3123
- FDIC Certificate
- 28161
- FDIC FIN
- 1301
- Bank name
- DRYADES S & LA
- Location
- NEW ORLEANS, LA
- Failure date
- 1991-06-07
- FDIC resolution date
- 1994-09-09
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $260M
- Assets at failure
- $262M
- Acquiring bank
- DRYADES SB, FSB (NEW ORLEANS, LA)