Bank failure · LA
Louisiana Savings Assn. (Lake Charles, LA) — failed December 14, 1989
Louisiana Savings Assn. of Lake Charles, Louisiana was closed on December 14, 1989 and resolved through a payout (deposit payoff). Branch Sale (NA) took over its insured deposits. At failure it held $449.3M in assets and $398.8M in deposits. The FDIC's estimated loss on the failure is $114.1M (25.4% of assets).
- Closing date
- December 14, 1989
- FDIC certificate #
- 29444
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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