Bank failure · LA
Peoples Fs & LA of Thibodaux (Thibodaux, LA) — failed March 16, 1989
Peoples Fs & LA of Thibodaux of Thibodaux, Louisiana was closed on March 16, 1989 and resolved through a insured deposit transfer. First Interstate Bk of So. (LA) took over its insured deposits. At failure it held $19.6M in assets and $21.1M in deposits. The FDIC's estimated loss on the failure is $7.2M (36.8% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 31825
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Interstate Bk of So.
- Insurance fund
- RTC
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