Bank failure · LA

Audubon S&la (New Orleans, LA) — failed June 25, 1985

Audubon S&la of New Orleans, Louisiana was closed on June 25, 1985 and resolved through a abt. Horizon Fs&la (LA) took over its insured deposits. At failure it held $211.3M in assets and $222.1M in deposits. The FDIC's estimated loss on the failure is $166.2M (78.7% of assets).