Bank failure · LA

Life FSB (Baton Rouge, LA) — failed January 29, 1993

Life FSB of Baton Rouge, Louisiana was closed on January 29, 1993 and resolved through a purchase and assumption. Liberty B&t Co (LA) took over its insured deposits. At failure it held $16.8M in assets and $16.5M in deposits. The FDIC's estimated loss on the failure is $2.2M (13.2% of assets).