CONTINENTAL S&LA Failed 1983
What happened
CONTINENTAL S&LA of NEW ORLEANS, LA was closed on 1983-05-31. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to SOUTH SAVINGS&LOAN ASSN (SLIDELL, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 784
- FDIC Certificate
- 27994
- FDIC FIN
- 0
- Bank name
- CONTINENTAL S&LA
- Location
- NEW ORLEANS, LA
- Failure date
- 1983-05-31
- FDIC resolution date
- 1983-05-31
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $29M
- Assets at failure
- $40M
- Acquiring bank
- SOUTH SAVINGS&LOAN ASSN (SLIDELL, LA)