Bank failure · LA

First Financial Bank, FSB (New Orleans, LA) — failed May 10, 1985

First Financial Bank, FSB of New Orleans, Louisiana was closed on May 10, 1985 and resolved through a a/a. First Financial Bank, FSB (LA) took over its insured deposits. At failure it held $739.4M in assets and $631.0M in deposits. The FDIC's estimated loss on the failure is $51.5M (7.0% of assets).