# DRYADES S & LA

> **Failed bank** · NEW ORLEANS, LA · failed 1991-06-07 · SL · FDIC cost $15M

## What happened

DRYADES S & LA of NEW ORLEANS, LA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $260M
- **Assets at failure:** $262M
- **Acquiring bank:** DRYADES SB, FSB (NEW ORLEANS, LA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=DRYADES%20S%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, DRYADES S & LA (FDIC ID 3123), failed 1991-06-07. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/3123.

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