Bank failure · LA
Continental S&la (New Orleans, LA) — failed May 31, 1983
Continental S&la of New Orleans, Louisiana was closed on May 31, 1983 and resolved through a a/a. South Savings&loan Assn (LA) took over its insured deposits. At failure it held $40.0M in assets and $28.6M in deposits. The FDIC's estimated loss on the failure is $2.9M (7.1% of assets).
- Closing date
- May 31, 1983
- FDIC certificate #
- 27994
- Resolution
- A/A (assistance)
- Acquiring institution
- South Savings&loan Assn
- Insurance fund
- FSLIC
Other failures in 1983
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- Citizens S&la OH
- The Bank of Red Oak OK
- Bank of Hackleburg AL
- Union Trust Company PR
- Metro Fs&la LA
- Bohemian S&la MO
- Atkinson Trust & Savings Bank IL
- First Fs&la of Ft. Wayne IN
- American Fs&la IN
- Ft. Wayne Fs&la IN
- South Bend Fs&la IN
- First Nat Bk of Browning MT
- State of Clovis, Sa NM
- Cleveland Community Savings Co. OH
- The First Nat Bk of Midland TX
- First Carolina Fs&la SC
- The Deschutes Bank OR
- Auburn Savings Bank NY
- Dominion Bk of Denver CO
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- National Bk of Odessa TX
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- Warren County Bank TN