Bank failure · LA

First Fsa of Breaux Bridge (Breaux Bridge, LA) — failed May 11, 1990

First Fsa of Breaux Bridge of Breaux Bridge, Louisiana was closed on May 11, 1990 and resolved through a purchase and assumption. Teche FSB (LA) took over its insured deposits. At failure it held $20.4M in assets and $20.9M in deposits. The FDIC's estimated loss on the failure is $1.4M (6.9% of assets).