Bank failure · LA
Bayou Fs&la (New Orleans, LA) — failed March 20, 1987
Bayou Fs&la of New Orleans, Louisiana was closed on March 20, 1987 and resolved through a a/a. First FSB of New Orleans (LA) took over its insured deposits. At failure it held $25.8M in assets and $28.3M in deposits. The FDIC's estimated loss on the failure is $12.5M (48.3% of assets).
- Closing date
- March 20, 1987
- FDIC certificate #
- 32156
- Resolution
- A/A (assistance)
- Acquiring institution
- First FSB of New Orleans
- Insurance fund
- FSLIC
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