Bank failure · LA

First Fs&la of Acadia (Rayne, LA) — failed September 20, 1982

First Fs&la of Acadia of Rayne, Louisiana was closed on September 20, 1982 and resolved through a a/a. Acadia S&la (LA) took over its insured deposits. At failure it held $11.3M in assets and $11.0M in deposits. The FDIC's estimated loss on the failure is $421K (3.7% of assets).