Bank failure · LA
First Fed. S & L Assoc. (New Iberia, LA) — failed March 16, 1989
First Fed. S & L Assoc. of New Iberia, Louisiana was closed on March 16, 1989 and resolved through a insured deposit transfer. Iberia Sb, SSB (LA) took over its insured deposits. At failure it held $64.3M in assets and $64.4M in deposits. The FDIC's estimated loss on the failure is $15.8M (24.6% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 31079
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Iberia Sb, SSB
- Insurance fund
- RTC
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