Bank failure · LA

Northlake S&la (Covington, LA) — failed June 25, 1985

Northlake S&la of Covington, 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 $141.4M in assets and $148.1M in deposits. The FDIC's estimated loss on the failure is $89.3M (63.2% of assets).