Bank failure · LA
Firstbanc FSB (Gonzales, LA) — failed December 30, 1987
Firstbanc FSB of Gonzales, Louisiana was closed on December 30, 1987 and resolved through a a/a. Pelican Homestead&svg Assn (LA) took over its insured deposits. At failure it held $46.3M in assets and $47.1M in deposits. The FDIC's estimated loss on the failure is $33.1M (71.5% of assets).
- Closing date
- December 30, 1987
- FDIC certificate #
- 31835
- Resolution
- A/A (assistance)
- Acquiring institution
- Pelican Homestead&svg Assn
- Insurance fund
- FSLIC
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