Bank failure · LA
First Fed. S & L Assoc. (Shreveport, LA) — failed March 16, 1989
First Fed. S & L Assoc. of Shreveport, Louisiana was closed on March 16, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $196.5M in assets and $201.2M in deposits. The FDIC's estimated loss on the failure is $99.4M (50.6% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 27631
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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