Bank failure · LA
Horizon Fed. S & L Assoc. (Metairie, LA) — failed February 17, 1989
Horizon Fed. S & L Assoc. of Metairie, Louisiana was closed on February 17, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $380.7M in assets and $396.0M in deposits. The FDIC's estimated loss on the failure is $250.2M (65.7% of assets).
- Closing date
- February 17, 1989
- FDIC certificate #
- 32471
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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