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Bank failure · LA

Deposit Trust Federal Savings (Monroe, LA) — failed January 11, 1990

Deposit Trust Federal Savings of Monroe, Louisiana was closed on January 11, 1990 and resolved through a insured deposit transfer. First Republic Bank (LA) took over its insured deposits. At failure it held $98.0M in assets and $91.7M in deposits. The FDIC's estimated loss on the failure is $24.7M (25.3% of assets).

Closing date
January 11, 1990
FDIC certificate #
32122
Resolution
Insured deposit transfer (failure)
Acquiring institution
First Republic Bank
Insurance fund
RTC

Other failures in 1990

What happens when a bank fails