Bank failure · LA
Red River S & L Assoc. (Coushatta, LA) — failed December 14, 1989
Red River S & L Assoc. of Coushatta, Louisiana was closed on December 14, 1989 and resolved through a purchase and assumption. Peoples State Bank (LA) took over its insured deposits. At failure it held $10.4M in assets and $7.7M in deposits. The FDIC's estimated loss on the failure is $3.3M (31.9% of assets).
- Closing date
- December 14, 1989
- FDIC certificate #
- 31830
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peoples State Bank
- Insurance fund
- RTC
Other failures in 1989
- Columbia Fsa TX
- Silver Savings Assoc. NM
- First City National Bank and Trust NY
- United Community Bank CA
- First American Bank and Trust FL
- Yorkridge-Calvert Federal Savings MD
- Louisiana Savings Assn. LA
- Canyon Lake Bank TX
- North Side State Bank OK
- First Acadiana Bank LA
- City National Bank of Sayre OK
- Midlothian National Bank TX
- First Bank, Pineville, Louisiana LA
- Orange State Bank FL
- City Savings, FSB NJ
- Atlantic Permanent Federal VA
- Atlantic National Bank VA
- First National Bank of Frisco TX
- The Garnett S & L Assoc. KS
- Westheimer Memorial Bank, NA TX
- Aledo State Bank TX
- First Commerce National Bank AZ
- Arlington Heights Savings Assoc. IL
- Community Federal Savings Assoc. CT