Bank failure · LA
Columbia Federal Homestead (Metairie, LA) — failed October 13, 1989
Columbia Federal Homestead of Metairie, Louisiana was closed on October 13, 1989 and resolved through a payout (deposit payoff). Branch Sale (NA) took over its insured deposits. At failure it held $96.1M in assets and $90.1M in deposits. The FDIC's estimated loss on the failure is $26.8M (27.9% of assets).
- Closing date
- October 13, 1989
- FDIC certificate #
- 29918
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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