Bank failure · LA

New Orleans S&la (New Orleans, LA) — failed June 25, 1985

New Orleans S&la of New Orleans, Louisiana was closed on June 25, 1985 and resolved through a abt. Horizon Fs&la (LA) took over its insured deposits. At failure it held $118.0M in assets and $105.3M in deposits. The FDIC's estimated loss on the failure is $73.5M (62.3% of assets).