Bank failure · LA

First Federal Savings & Loan (Metairie, LA) — failed June 15, 1990

First Federal Savings & Loan of Metairie, Louisiana was closed on June 15, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $156.3M in assets and $134.2M in deposits. The FDIC's estimated loss on the failure is $51.7M (33.1% of assets).