Bank failure · LA

Dryades S & LA (New Orleans, LA) — failed June 7, 1991

Dryades S & LA of New Orleans, Louisiana was closed on June 7, 1991 and resolved through a purchase and assumption. Dryades Sb, FSB (LA) took over its insured deposits. At failure it held $262.3M in assets and $259.7M in deposits. The FDIC's estimated loss on the failure is $15.1M (5.7% of assets).