Bank failure · LA

First Fsa (Winnfield, LA) — failed August 31, 1990

First Fsa of Winnfield, Louisiana was closed on August 31, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $54.7M in assets and $51.1M in deposits. The FDIC's estimated loss on the failure is $6.3M (11.5% of assets).