Bank failure · LA
Lafayette S & L Assoc. (Gretna, LA) — failed July 27, 1989
Lafayette S & L Assoc. of Gretna, Louisiana was closed on July 27, 1989 and resolved through a insured deposit transfer. Algiers Homestead Associati (LA) took over its insured deposits. At failure it held $29.1M in assets and $26.9M in deposits. The FDIC's estimated loss on the failure is $7.3M (25.1% of assets).
- Closing date
- July 27, 1989
- FDIC certificate #
- 31821
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Algiers Homestead Associati
- Insurance fund
- RTC
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