Bank failure · LA
Parish Federal S & L Assoc. (Denham Springs, LA) — failed July 20, 1989
Parish Federal S & L Assoc. of Denham Springs, Louisiana was closed on July 20, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $14.7M in assets and $14.9M in deposits. The FDIC's estimated loss on the failure is $4.4M (29.6% of assets).
- Closing date
- July 20, 1989
- FDIC certificate #
- 31984
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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