Bank failure · LA
Central Savings & Loan (New Orleans, LA) — failed August 7, 1989
Central Savings & Loan of New Orleans, Louisiana was closed on August 7, 1989 and resolved through a insured deposit transfer. Gulf Coast B&tc (LA) took over its insured deposits. At failure it held $53.3M in assets and $63.0M in deposits. The FDIC's estimated loss on the failure is $28.8M (54.1% of assets).
- Closing date
- August 7, 1989
- FDIC certificate #
- 29867
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Gulf Coast B&tc
- Insurance fund
- RTC
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