Bank failure · LA
French Market Homestead, Fsa (Metairie, LA) — failed February 17, 1989
French Market Homestead, Fsa of Metairie, Louisiana was closed on February 17, 1989 and resolved through a insured deposit transfer. First Nb of Commerce (LA) took over its insured deposits. At failure it held $250.8M in assets and $237.9M in deposits. The FDIC's estimated loss on the failure is $81.3M (32.4% of assets).
- Closing date
- February 17, 1989
- FDIC certificate #
- 32552
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Nb of Commerce
- Insurance fund
- RTC
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