Bank failure · LA

Jonesboro Federal Sa (Jonesboro, LA) — failed May 18, 1990

Jonesboro Federal Sa of Jonesboro, Louisiana was closed on May 18, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $55.0M in assets and $54.1M in deposits. The FDIC's estimated loss on the failure is $18.8M (34.2% of assets).