Bank failure · LA
First Financial Bank, FSB (New Orleans, LA) — failed December 31, 1987
First Financial Bank, FSB of New Orleans, Louisiana was closed on December 31, 1987 and resolved through a a/a. Alabama Fs&la (AL) took over its insured deposits. At failure it held $744.9M in assets and $573.5M in deposits. The FDIC's estimated loss on the failure is $51.5M (6.9% of assets).
- Closing date
- December 31, 1987
- FDIC certificate #
- 28448
- Resolution
- A/A (assistance)
- Acquiring institution
- Alabama Fs&la
- Insurance fund
- FSLIC
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