Bank failure · LA
Peoples Homestead Savings Bank (Monroe, LA) — failed October 19, 1989
Peoples Homestead Savings Bank of Monroe, Louisiana was closed on October 19, 1989 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $268.9M in assets and $263.7M in deposits. The FDIC's estimated loss on the failure is $100.4M (37.3% of assets).
- Closing date
- October 19, 1989
- FDIC certificate #
- 28174
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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