Bank failure · LA
First Fed. S & L Assoc. (Eunice, LA) — failed March 16, 1989
First Fed. S & L Assoc. of Eunice, Louisiana was closed on March 16, 1989 and resolved through a insured deposit transfer. Guaranty Bank of Mamou (LA) took over its insured deposits. At failure it held $23.5M in assets and $16.2M in deposits. The FDIC's estimated loss on the failure is $5.5M (23.5% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 31546
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Guaranty Bank of Mamou
- Insurance fund
- RTC
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