Bank failure · LA

Crescent Savings Bank (New Orleans, LA) — failed June 25, 1985

Crescent Savings Bank of New Orleans, Louisiana was closed on June 25, 1985 and resolved through a abt. Horizon Fs&la (LA) took over its insured deposits. At failure it held $89.1M in assets and $84.0M in deposits. The FDIC's estimated loss on the failure is $53.7M (60.2% of assets).