Bank failure · LA
First Acadiana Bank (Eunice, LA) — failed December 14, 1989
First Acadiana Bank of Eunice, Louisiana was closed on December 14, 1989 and resolved through a purchase and assumption. American Security Bank of V (LA) took over its insured deposits. At failure it held $46.8M in assets and $44.6M in deposits. The FDIC's estimated loss on the failure is $6.0M (12.8% of assets).
- Closing date
- December 14, 1989
- FDIC certificate #
- 19492
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American Security Bank of V
- Insurance fund
- BIF
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