Bank failure · LA
First Savings of Louisiana (LA Place, LA) — failed March 2, 1989
First Savings of Louisiana of LA Place, Louisiana was closed on March 2, 1989 and resolved through a insured deposit transfer. Hibernia Nb (LA) took over its insured deposits. At failure it held $25.9M in assets and $44.7M in deposits. The FDIC's estimated loss on the failure is $34.3M (132.7% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 32553
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Hibernia Nb
- Insurance fund
- RTC
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