Bank failure · LA
Delta Savings & Loan Association (Kenner, LA) — failed August 7, 1989
Delta Savings & Loan Association of Kenner, Louisiana was closed on August 7, 1989 and resolved through a insured deposit transfer. First State B&tc (LA) took over its insured deposits. At failure it held $148.5M in assets and $114.6M in deposits. The FDIC's estimated loss on the failure is $76.3M (51.4% of assets).
- Closing date
- August 7, 1989
- FDIC certificate #
- 31686
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First State B&tc
- Insurance fund
- RTC
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