PELICAN HOMESTEAD SA Failed 1992
What happened
PELICAN HOMESTEAD SA of METAIRIE, LA was closed on 1992-01-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST COMMERCE CORP. (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3267
- FDIC Certificate
- 29518
- FDIC FIN
- 2156
- Bank name
- PELICAN HOMESTEAD SA
- Location
- METAIRIE, LA
- Failure date
- 1992-01-31
- FDIC resolution date
- 1992-01-31
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $288M
- Deposits at failure
- $1,489M
- Assets at failure
- $1,284M
- Acquiring bank
- FIRST COMMERCE CORP. (NEW ORLEANS, LA)