Bank failure · LA
First Louisiana Federal Savings (Lafayette, LA) — failed November 2, 1989
First Louisiana Federal Savings of Lafayette, Louisiana was closed on November 2, 1989 and resolved through a insured deposit transfer. St. Landry B&t Co. (LA) took over its insured deposits. At failure it held $161.8M in assets and $105.8M in deposits. The FDIC's estimated loss on the failure is $42.9M (26.5% of assets).
- Closing date
- November 2, 1989
- FDIC certificate #
- 32281
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- St. Landry B&t Co.
- Insurance fund
- RTC
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