Bank failure · LA
First Fs & LA (Baton Rouge, LA) — failed March 16, 1989
First Fs & LA of Baton Rouge, Louisiana was closed on March 16, 1989 and resolved through a insured deposit transfer. Life Sb (LA) took over its insured deposits. At failure it held $39.5M in assets and $43.4M in deposits. The FDIC's estimated loss on the failure is $33.7M (85.2% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 30907
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Life Sb
- Insurance fund
- RTC
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