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Bank failure · LA

Heritage Fs&la (Bossier City, LA) — failed October 1, 1982

Heritage Fs&la of Bossier City, Louisiana was closed on October 1, 1982 and resolved through a a/a. Dixie Fs&la (LA) took over its insured deposits. At failure it held $71.0M in assets and $47.2M in deposits. The FDIC's estimated loss on the failure is $2.0M (2.8% of assets).

Closing date
October 1, 1982
FDIC certificate #
31365
Resolution
A/A (assistance)
Acquiring institution
Dixie Fs&la
Insurance fund
FSLIC

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What happens when a bank fails