Bank failure · LA
First Financial of LA (Lutcher, LA) — failed December 30, 1987
First Financial of LA of Lutcher, Louisiana was closed on December 30, 1987 and resolved through a a/a. Pelican Homestead&svg Assn (LA) took over its insured deposits. At failure it held $159.5M in assets and $151.5M in deposits. The FDIC's estimated loss on the failure is $105.7M (66.3% of assets).
- Closing date
- December 30, 1987
- FDIC certificate #
- 29947
- Resolution
- A/A (assistance)
- Acquiring institution
- Pelican Homestead&svg Assn
- Insurance fund
- FSLIC
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