Bank failure · LA

Oaktree Federal Savings (New Orleans, LA) — failed October 13, 1991

Oaktree Federal Savings of New Orleans, Louisiana was closed on October 13, 1991 and resolved through a purchase and assumption (insured deposits). Branch Sale (NA) took over its insured deposits. At failure it held $2.2B in assets and $2.3B in deposits. The FDIC's estimated loss on the failure is $2.3B (105.9% of assets).