Bank failure · LA
Desoto Fs & LA (Mansfield, LA) — failed November 2, 1990
Desoto Fs & LA of Mansfield, Louisiana was closed on November 2, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $63.9M in assets and $63.1M in deposits. The FDIC's estimated loss on the failure is $8.5M (13.3% of assets).
- Closing date
- November 2, 1990
- FDIC certificate #
- 28719
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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