Bank failure · LA
Citizens Homestead Fsa (New Orleans, LA) — failed August 7, 1989
Citizens Homestead Fsa of New Orleans, Louisiana was closed on August 7, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $108.6M in assets and $116.1M in deposits. The FDIC's estimated loss on the failure is $34.4M (31.6% of assets).
- Closing date
- August 7, 1989
- FDIC certificate #
- 27748
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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