Bank failure · LA
Commercial S & LA Assoc. (Hammond, LA) — failed July 27, 1989
Commercial S & LA Assoc. of Hammond, Louisiana was closed on July 27, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $74.2M in assets and $66.6M in deposits. The FDIC's estimated loss on the failure is $33.4M (45.0% of assets).
- Closing date
- July 27, 1989
- FDIC certificate #
- 32068
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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